Irish Election - Coverage of Irish Politics, News and Current Affairs

The Irish Independent revealed today that the Taoiseach will tell the Mahon tribunal that he converted his salary cheques into sterling, and then back into punts, before lodging them into the three accounts he kept at the Permanent TSB branch in Drumcondra. This is in response to Grainne Carruth’s devastating evidence to the Mahon [...]

The bankers reassure us that “new lending continues to moderate in a mortgage market that is still growing in overall terms.”
Translated, this means that people, mostly young people seeking their first home, are flocking to buy houses at prices they regard as realistic. (Irish Independent editorial, 14 February, 2008)
So. The spinning continues.
The above quote comes [...]

The housing market is beginning to show initial and tentative signs of recovery, with prices expected to rise again outside Dublin before the end of 2008.
Since the reform of stamp duty by Finance Minister and Tanaiste Brian Cowen in the Budget on December 5, there have been initial indications that, although the slump has not [...]

More than 266,322 houses, flats and holiday homes lie vacant in the Republic — enough to house a million people, the Sunday Independent has learned. Housing Minister Batt O’Keeffe claimed two weeks ago that much of the present problems in the housing market was caused by rogue builders who are “sitting” on finished properties as [...]

The decision of first-time buyers to defer purchases has seen a boom in the rental market, with rents rising to an all-time average high of €1,400 a month nationwide.” (Irish Independent, 28 November 2007)
…Rents are strong in Ashbourne thanks to its relative proximity to the capital and the major expansion of retail business in the [...]

Last week I posted a survey of the first one hundred properties listed on Daft.ie for rent in Dublin, as taken from the Daft site on 30 November 2007. Below is a survey of the next one hundred properties taken on the same day. It shows that in two weeks:
17 out of 100 properties have [...]

Property in Ireland - its sale and rental - is not just a social issue, it’s a political issue. And it is covered by journalists as a political issue. Recently we saw a highly publicised campaign by the Irish Times and the Irish Independent to see stamp duty cut. The argument was that stamp duty [...]

The Irish residential property market has now reached a turning point and already there are encouraging signs of a pick-up in activity, with sales enquiries through Hooke & MacDonald increasing steadily. This momentum will follow through into the autumn selling period, boosted by the resolution of the stamp duty issue and as the interest rate [...]

Heads up to Random Walk for this one. And, ahem, McWilliams for the overdraft line. Ireland’s gross external debt increased by 262% under Fianna Fáil and the PDs, from around €521 billion in 2002, to over €1.36 trillion as of 30 June 2007. The gross external debt, according to the CSO, consists of “the gross [...]

This post arose out of a discussion with Simon on Michael Taft’s C’mon Ye Know-Nothings, (18 September 2007). Fianna Fáil has produced an abundance of tax incentives to aid the construction industry. One of these schemes, the Rural Renewal Scheme 1999 (PDF FILE, 887KB), is set to run until 31 July 2008. According to the [...]

… the mind of man becomes
A thousand times more beautiful than the earth
On which he dwells, above this frame of things
(Which, ‘mid all revolution in the hopes
And fears of men, doth still remain unchanged)
In beauty exalted, as it is itself
Of quality and fabric more divine. (Wordsworth. Prelude, 1805)
People are the greatest thing.
A point all [...]

Last month I wrote a post about the glut of housing in Ireland, and how, as a society, we have experienced a mortgage boom, rather than a simple housing boom. A couple of people have suggested that “holiday homes down the country” account for the large amount of empty Irish housing units. Others have said [...]

(All figures available from the Central Statistics Office website, here.

This is about as definitive as you can get.
The census figures show an Ireland that is undergoing huge change, but not quite in the way we have been told. First of all, the actual number of non-nationals employed in construction challenges the “common sense” view that [...]

In the past ten years the construction of houses and other dwellings has far outstripped demand, yet prices have grown at unprecedented rates.
From 1996 to 2006 the number of occupied households in Ireland (dwellings with one or more residents), increased by 346,300 units. At the same time, 611,961 new dwellings were constructed. This leaves a [...]

The body strives for that which sickens the mind with love…
Stretches out toward that which smites it, and yearns to couple.” (Lucretius, In the Realm of the Senses, 4.1048)

For all the talk of a presidential campaign - for all the Lunz cuntz focus groups and “Dream On Baby” slipup scoops- this election boiled down to [...]

This story has just come to my attention. ’tis a pity, for it involves Labour councillors, Sinn Féin, 500 bikes and a billion euros. I kid you not. It makes you realise that faces change, but Irish politics stays the same. Thanks to Clochmerle of Dublin Opinion for the story. Read on.