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Flashcards in Availability Of Housing Deck (24)
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1

What are the three different housing markets?

Private housing

Rental Market

Social Housing

2

In relation to private housing, what are some areas such as Dublin and Cork experiencing?

A private housing shortage

3

Where in Ireland is there a private housing shortage?

Urban areas such as Dublin and Cork

4

Why is there a shortage of private housing in Dublin and Cork

Due to demand exceeding supply

5

What effect does the shortage of private housing in Dublin and Cork have on prices?

This causes an increase in house prices

6

In relation to private housing, what are some rural areas experiencing?

There are many unoccupied private houses for sale

7

Why is there many unoccupied private housing estates in rural Ireland?

As there is a much lower demand for them than in urban areas

8

Where are many of the unoccupied private houses in rural Ireland located?

In ghost estates

9

Why are many of the unoccupied private houses in rural Ireland not bought?

As the recession left them unfinished

10

What is a ghost estate?

Ghost estates are developments of ten or more houses where 50% of the houses are unoccupied or incomplete

11

Write a note on the availability of private housing in Ireland.
(2)

Lack of private housing in urban areas - Dublin/Cork - demand exceeds supply - Increase in house prices

Plenty of private housing in rural areas - much lower demand - many in ghost estates - left unfinished by the recession

12

What has happened to rent costs in urban areas?

They have increased dramatically in recent years

13

Why has rent costs increased dramatically in urban areas?

Due to an increased demand for rental properties and a shortage of supply

14

What is one of the main reasons for the shortage of supply in rental housing?

Many people are finding it difficult to obtain a mortgage or save for the large deposit needed for a mortgage which means they stay renting for longer

15

What Act was amended to stabilise the private rental market?

The Residential Tenancies Act (amended in 2015)

16

Why did the Residential Tenancies Act need to be amended?

To stabilise the private rental market and ensure security for renters

17

How does the Residential Tenancies Act ensure security for renters?

Under this act, landlords may review the rent only once every two years and they must give 120 days notice to do so

18

How many days notice does a landlord have to give before reviewing rent?

120 days notice

19

How often can a landlord review rent?

Every two years

20

Write a note on the rental market.
(2)

Rent cost - increase - urban areas - increased demand - shortage of supply -difficult to obtain a mortgage or deposit - people end up renting for longer - reduces supply

Residential Tendencies act - amended in 2015 - landlords can rent review every 2 years - 120 days notice to renters

21

What type of housing is there a sever shortage of?

Social housing

22

Why is there a sever shortage of social housing?

High demand and little or no availability

23

What is social housing?

Housing provided to individuals on low incomes or with particular needs by the government or non-profit organisations

24

Write a note on social housing.

Severe shortage - high demand - little/no availability - definition - under a 100,000 on waiting list currently (approx. 90,000)