Can you believe that we now have an "Irish Riviera"? Well according to a website (http://www.theirishriviera.com/) we do. It would appear its the south coast too. If ever there was a case of misselling, this is it. Tourists lured by the suggestion that the munster coastline is a maze of fabulous beaches with gorgeous people will be disappointed by the squelching through the fields in their wellies with some farmer straight out of the Mogeely People while the rain pours down. Enjoy!!
Secondly its most interesting to see that construction sector is slipping, partially driven by a sharp drop in house building. Eliminating holiday homes in dismal places like the Irish Riviera, and shoebox apartments, apparently one of the big drivers for house prices is the dramtic fall over the last few years in the number of 3 bed semi-ds being built. In Dublin this has reached critical proportions. Add to this the long standing tradition in Dublin where native shout-siders won't even consider living north of the Liffey, never mind moving to far flung places like Balbriggan or Donabate. I notice a couple of very large developments around the Airside area south of Swords, and again around the Rivervalley area to to south and west. I wonder what proportion of the total Dublin home build this amounted to? It must have been a lot.
I notice in Midleton now much of the development is high priced larger properties for those with deeper pockets and presumably no brain cells within a 20 mile radius (as nobody in their right mind should buy a house other than a bungalow in Midleton for more than 400k). I'm wondering how much of these niche developments are making of the total build. Not to mention the never-ending avalanche of small to medium apartment blocks. Even back home in Swords a small development of what will presumably be fairly "exclusive" units is planned for Brackenstown Rd behind the existing Rathbeale/Columba's development (see http://www.unison.ie/fingal_independent/stories.php3?ca=51&si=1578905&issue_id=13796 aplication made by Mr Denis Fisher). It looks like the building industry is deliberately drip feeding developments, much of it unsuitable for families, onto the market with the intention of maintaining high and escalating prices. Not good for the future of the market as this can result in excessive price rises, leading to an eventual collapse.