Getting out while the goings good!

[Reality Bites]

A number of people I know in the construction industry have or are planning to take a leave of absence from this country for 1 to 2 years till it recovers from recession, where would your preference be and have any of you considered jumping ship in the current climate - there are construction booms in Australia, Germany and Dubai at the moment all I thinks have their benefits!

[KevB76]

I heard recently (can tremember which radio station) a short list of countries which currently need to find more builders - there were several european countries mentioned, including UK and Poland.

[Newryrep]

If they dont want to stray too far London will be starting to ramp up shortly (Olympics)

[dahamsta]

1 to 2 years till it recovers from recession

That's what I'd be hoping for, but I'm increasingly sceptical that it'll be this short...

[Poor Student]

That's what I'd be hoping for, but I'm increasingly sceptical that it'll be this short...

Well, with such a gross oversupply of unoccupied property we're unlikely to have such a demand for construction workers in a good while. Retrain or emigrate are the options.

[Billsthoughts]

There is no gross oversupply of property. there is just no value to be had. there is still people looking for somewhere to live and there always will be. but they arent going to pay thru their nose for an apartment in the current climate. a readjustment of prices would stimulate demand. problems in the building trade are partly due to the mentality. how do you go from massive profits to marginal profits? My mates a builder and he was moaning about having no work. he said he had a load of jobs priced but nobody would commit. didnt occur to him to take the work and drop his price.

[dahamsta]

Sorry, but no. 180k empty houses is a gross oversupply. And they've been empty since before the eastern europeans they were supposedly built to accomodate upped and left.

adam

[Billsthoughts]

point still stands. according to the Society of Chartered Surveyors Housing Study 2007, there’s very little surplus in Dublin.

[pete]

London seems to the first option for many as close to home & no language barrier.

I still see building in Dublin. Big apartment complex with hundreds of units in the old Phoenix Park race course still going although looks to be slower than was this time last year. With over supply location seems to be even more important - would not like to be trying to sell a house in the middle of no where when other options closer to jobs.

[dahamsta]

point still stands. according to the Society of Chartered Surveyors Housing Study 2007, there’s very little surplus in Dublin.

According to the slightly-less invested CRO, there's about 45,000 surplus properties in Dublin. The Surveyors would seem to have an odd understanding of the phrase "very little".

adam

[Billsthoughts]

How does the CSO define an unoccupied dwelling?
Was it just nobody there to answer the census? Or are there strict criteria?

[Macy]

Sorry, but no. 180k empty houses is a gross oversupply.

Depends where they are though. The Government fooked up by continuing to give tax incentives for building properties 80 miles plus from where they were actually needed...

[dahamsta]

Billsthoughts, you'll have to research that in detail yourself, but it's certainly not "they didn't answer de door loike". The subject has been discussed in this forum, Boards.ie, AAM, PropertyPin, etc.

Depends where they are though. The Government fooked up by continuing to give tax incentives for building properties 80 miles plus from where they were actually needed...

According to the slightly-less invested CRO, there's about 45,000 surplus properties in Dublin.

Granted that's Dublin county, but there's 10k in Dublin city, 11k in Fingal, etc, etc...

Again, this subject has been discussed on other sites and this one before and I don't think we need to go around in circles with it again here. The simple fact is that there's an oversupply in Ireland, and saying otherwise is simply not accurate. Move on.

adam

[monutdfc]

- there are construction booms in Australia, Germany and Dubai at the moment all I thinks have their benefits!

I'd suggest researching conditions for construction workers in Dubai before you hop on the 'plane. (Unless you're an engineer, surveyor or the like.)

[OneRedArmy]

point still stands. according to the Society of Chartered Surveyors Housing Study 2007, there’s very little surplus in Dublin.

This is based on an unrealistic assumption of property ownership. Everyone feeling that they had to own property was based on a Celtic Tiger era belief that it would produce higher returns than any other investment.

I'd have a lot more faith in the CSO findings and my own experiences where most new apartment blocks are half empty.