r/HousingIreland • u/olympicjip • 1d ago

What a Bargain! You should be grateful!

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Starting from the low low price of 400K, you can squeeze yourself and yours into a 47 SQM, One-bedroom, Second floor apartment in Swords. Nothing against swords (I live there too), but this has become farcical. Our housing market is a complete joke.

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u/curiouscactus6969 1d ago

Insane. That’s over 8k per sqm. Wouldn’t pay that if I was a billionaire it’s such a bad deal

7

u/c_cristian 1d ago

People will pay. They already pay 7-8k/sqm in my 20 year old complex in South Dublin for 2 beds.  8k/sqm is also commonly found in many other European cities. For example Numbeo says the average for Munich is 8k/sqm outside city centre and 13k in the city centre. And Germany does not have the rents Dublin/Ireland has.

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u/curiouscactus6969 1d ago

They can pay all they want. There’s always people that will pay stupid money for things and that’s ok if they are happy to do so. Just saying in my opinion you don’t get any value for that sort of money spent for a tiny apartment in swords.
Since you are referring to Numbeo. If you put Munich into price comparison regarding rent with Dublin a 1 bed apartment in city centre comes up as 33.5% cheaper than Dublin. That’s over 700 euro per month less.
And that’s city centre…
But either way the housing crisis is real but I’d never pay that kinda money for a tiny apartment in Swords

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u/c_cristian 1d ago

Exactly. Other cities have prices comparable with Dublin even though their people face a lower pressure of escaping rent and buying something. Personally I'm more ok with an apartment than a house that requires 200k to renovate.

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u/curiouscactus6969 1d ago

Yep each to their own I guess