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!
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.
LTID
If they dont want to stray too far London will be starting to ramp up shortly (Olympics)
That's what I'd be hoping for, but I'm increasingly sceptical that it'll be this short...Originally Posted by Reality Bites
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.
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.
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
Last edited by dahamsta; 01/07/2008 at 12:02 AM.
point still stands. according to the Society of Chartered Surveyors Housing Study 2007, there’s very little surplus in Dublin.
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.
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
How does the CSO define an unoccupied dwelling?
Was it just nobody there to answer the census? Or are there strict criteria?
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...
If you attack me with stupidity, I'll be forced to defend myself with sarcasm.
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.
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
Last edited by dahamsta; 01/07/2008 at 9:31 AM.
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.)
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.
Well saying there is a "massive over supply" is a ridiculous assertion. It implies that all people want the same type, location and sized dwelling. Its meaningless. The CSO figures are meaningless also unless they have some sort of predefined criteria.
The investment side of it alone - there's an extreme attachment to the concept of home ownership in this corner of Western Europe.
People in England, for example, talk almost as if they have a right to home ownership - even if they can't afford it. You never hear people demanding that they should own a car they can't afford, or a swimming pool or whatever - but when it comes to housing, people assume it's a right that everyone should be able to access - regardless of how their personal situation stacks up against the market realities at that time.
It's a harsh point to make - but no-one has a right to own anything, particularly if they can't afford it, abnd a better grasp of that fundamental reality of life wouldn't hurt some people.
Then there's the economic impacts of such a high level of home ownership.....
They do, and you need to research it if you're going to rebut them as "meaningless". Data for the size, type and location of these dwellings is available too, either raw or analysed on the CSO website or in hundreds of thousands of search results. Again, move on and get back on topic.
adam
London for the olympics, The east coast of OZ is very good large mining industry there now that cant get enough people to work. Dubai also .
It depends on your level, engineers cad tecnicians can name there price , workers can get decent jobs out there now.
I wouldnt recomend going for a year id say 5 would be a better idea.
This problem has very simple solutions its just the people we have in charge like to sit on things rather than just solve them. we normally build 80k houses a year this year it will be about 40k. Is our whole ecomonmy surviving on the construction of 40k house ?? of course not, but the inactivity from the goverment letting the country slide into this ressesion is what will screw us all. Companies are panicing and letting people go to cut costs and its all having a knock on effect.
I don't think Brian Cowen as a Solicitor was correctly qualified to guide the economy during his tenure as Minister for Finance, This post should be occupied by an Accountant / Economist or someone else from the finance sector not a Solicitor, no wonder he let it slide into the mess its currently in, Cowen did not have skills required, and for chrissakes we now have a Barrister in that post talk about square pegs into round holes!
Posting Permissions
Quote
Bookmarks