New plot may lack space

Recently, a 125 acre plot of land in in Baldoyle, county Dublin has been given permission to plan for construction of at least 1,000 new residential units in the near future.

The land itself will be broken into two different sites; one will be used for a more expensive, modern type residence with a town center and grand landscaping. The other part will be used for a more residential area, with zoning estimations of up to 759 units on the land.

With an apparent lack in the amount of appropriate proportion of home buyers and sellers in Dublin, a shortage of housing has become one of the cities main focuses. This newly zoned area will continue adding to the already large capital city of Ireland.

Although there are many opportunities for growth within this huge chunk of land, I am personally quite skeptical of the livability of these areas. New developments are always shiny and clean looking on the outside, but can have a lot of inherent problems in actual habitation of these units.

If the …

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Child saving options

When it comes to opening a savings account, earlier is always better. Especially in Ireland, it can be extremely beneficial to start accounts for children at a young age. Personally, I believe that opening a savings account was a very influential step in the shaping of my financial views.

My first savings account was opened after my first communion, and I’m sure that many other irishmen have had this same experience. For me, this was a huge deal. The money I had gotten from such a special time in my life was now being used to finance my future.

As a child, it is easy to get lost in the concept of money, when you have cash or coins in your hand, it is far more valuable than any amount on a written check. Because of this child-like wonder, the actuality of the value of money is highly skewed.

By teaching your children early the power of independent saving and investing, they will be given the tools that enable them to continue down a more financially stable path …

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Housing market equilibrium missing it’s mark

According to the most recent Real Estate Alliance house price survey, Dublin’s property prices have decreased by €7500 in the last quarter. Additionally, the price of a three-bedroom semi-detached home on average has decreased by 1.7% since the end of December 2018.

Although these numbers seem to be a sign of positive economic advancements, there are a multitude of barriers that keep the people of Dublin from having a choice in regards to their current living situation.

One of the largest obstructions for both home buyers and banks is the ominous outlook of the Irish economy post-Brexit. Without a clear idea about how the UK’s secession from the EU will affect the Irish Market, banks and buyers alike are being cautious of how and when they give out their money.

For the most part, housing purchases below €350,000 have still been steadily occurring due to affordability of loans and sheer price of the home. This combination allows for increased certainty for banks that their consumer will be able to repay their monthly balance across the term of …

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