Gavin J Gallagher's video: The rental market is BROKEN in Ireland

In this video Every Wednesday at lunchtime (1pm Ireland/UK or 8am Eastern) I host the 'Property Investor Roundtable' which is a livestream covering the latest real estate & property market news, followed by coaching and some Q&A. Whilst today I am based in Dublin, I have bought, sold, built and managed real estate on 4 continents so any property market question is open for discussion. I very much look forward to you joining me... I have a mastermind/coaching program: https://www.elitepropertyaccelerator.com/ Test your real estate knowledge here: https://eliteproperty.scoreapp.com/ Learn more about me here: https://www.gavinjgallagher.com/ Tune in to my weekly podcast here: @Behind The Facade Follow me on LinkedIn: www.linkedin.com/comm/mynetwork/discovery-see-all?usecase=PEOPLE_FOLLOWS&followMember=gavinjgallagher Find me on social media: @gavinjgallagher Chapters/Timestamps 0:00 Introduction 1:24 REAL ESTATE NEWS 2:04 UK Mortgage rates drop below 6% for those fixing for five years 3:25 UK commercial property values tumble as spooked lenders retreat 5:39 England's stock of office space falls at fastest rate for 20 years 7:57 UK high street retailers are big winners under new rates revaluation 8:17 UK's recent tweak to stamp duty rates threatens a weakening housing market 8:39 OECD warns of year-long recession as global economy stagnates 10:05 ECB warns that European property markets may be at a turning point 11:34 Rate of increase in Irish house prices slowing as interest rates rise 19:29 Highest average property price in Dublin is now €880k (D4 area) 19:49 Irish housing expenditure likely to miss the €4 billion target 20:22 Rents rise by record 14.1% p.a. due to 'extreme shortage' of rental homes 22:03 Dublin housing is 'severely' unaffordable according to US think tank Demographia 22:41 European Commission report says housing in Ireland 'not overvalued' 23:00 Pepper Finance increases some Irish mortgage rates to 6.5% 24:39 Spanish government offers aid to mortgage holders 26:31 Building upgrades for refugees to bypass planning system 26:56 Greedy banks raise mortgage rates 12% ahead of ECB hikes 27:35 New-build apartments rented out on Air BNB for €5,900 a month 28:25 Darragh O'Brien TD faces criticism over targets during housing debate 28:50 Local anger as housing body buys entire Cork estate in city suburbs 29:30 Housing starts fall again in October as costs rise 32:05 Kildare Village losses narrow as occupancy slumps 33:05 Redevelopment of area between Dawson Street and Grafton Street 33:24 Marshes Shopping Centre nearing sale to Davy investors for €30m 34:08 South Dublin investment sells for 56% above guide 34:33 QUESTIONS 34:40 Do I see property prices in Ireland falling? 35:00 Is the Irish market like the market in Finland 20 years ago? 35:13 Big market pull back anticipated in Q2 of 2023 35:40 Am I growing my moustache for ? 36:11 Will the Irish residential market fall in value during the recession? 38:57 Is a private pilots licence a better investment than a home? 39:35 Should I buy property through a company or in my personal name? 44:17 Why are we allowing so many Ukrainian refugees into the country? 45:27 Why are large build-to-rent apartment projects no longer viable? 47:39 If you have a Tracker Mortgage should you keep it? 48:00 Are electric cars a good investment? 49:14 Are we repaying all the money printed during the lockdowns? 51:48 Why are there thousands of vacant homes in the country? 52:24 How many points did I get in my leaving certificate exams? 53:17 Is the housing scarcity because of kneejerk credit controls? 54:31 Is the housing crisis due to lack of access to credit for average house buyers? 55:26 Should second homes be heavily taxed to force them to be rented? 56:32 Do you think I will I lose money on the house I bought in February 2022 58:34 Given the tension between landlords and tenants do I see a way forward? 59:58 Partner and I are 25, both working, can only afford an apartment - should we buy? 1:01:00 What is the minimum investment I would take from someone for a project? 1:01:43 Is it not morally bankrupt to force people into a rent trap?