News

90pc of properties are selling for different sum to the asking price

                    Nine out of every 10 homes put on the market are being sold for substantially different sums than the advertised asking price. First-time buyers and families hoping to secure a home are being invited to view properties which end up selling for figures vastly different […]

August 14, 2017 Uncategorized

Pace of growth in Irish construction sector slowed in June, survey finds

The rate of expansion in construction activity in the Republic slowed in June, with the civil engineering segment of the market contracting slightly even as the housing and commercial subsectors remained strong, according to a report published on Monday. The latest reading of the monthly Ulster Bank Construction Purchasing Managers’ Index (PMI) shows that activity […]

July 11, 2017 Uncategorized

Seven things you’re entitled to under the new renting rules

New rented accommodation regulations are set to come into effect today, ending speculation that bedsits would re-enter the market as a solution to the housing “crisis”. The updated regulations will require some landlords to install additional safety features in rented properties, with a particular emphasis on fire safety and air quality. Signed off by former […]

July 3, 2017 Uncategorized

Long-term rental model to replace home ownership

Changing marriage and jobs trends are among the factors that are impacting on the type of homes that are needed in Ireland and the amount of them. The latest census statistics show that lifestyle and population trends are changing. To address the challenge this presents, the corporate landlord looks set to play an increasing role. […]

June 30, 2017 Uncategorized

Bank of Ireland cuts mortgage rates as competition heats up

Bank of Ireland has cut its mortgage rates as banks scramble to benefit from the rising mortgage market. It is the fourth bank in two months to cut rates. But the banks are only cutting fixed rates as they do not want borrowers switching lenders to get better rates.   Bank of Ireland has cut […]

June 13, 2017 Uncategorized

Property price rises pick up steam again as hikes up over 10pc

The pace of property price rises has picked up again. They were up 10.5pc in the year to April, which was stronger than the 9.6pc increase in March, according to the latest information from the Central Statistics Office. Prices rose by 1.1pc in the month of April, as a chronic shortage of supply means buyers […]

June 8, 2017 Uncategorized

Varadkar’s property tax cut for Dublin homeowners

Fine Gael leadership front-runner Leo Varadkar wants to change how the property tax is collected and distributed, which would significantly benefit homeowners in Dublin and the commuter belt. The Social Protection Minister said councils should be allowed vary the tax rate by more than the 15pc currently allowed. The move would either cut bills or […]

May 30, 2017 Uncategorized

Varadkar says landlords ‘should be treated like any other business’

    Speaking at a grassroots event in Wicklow tonight, Mr Varadkar said in modern Ireland it is “almost a bad thing” to be someone who owns and rents out a number of properties. He said landlords “really should be treated like any other business” in that “if you have a loss you can offset […]

May 23, 2017 Uncategorized

Many potential first-time buyers are unaware of the help-to-buy scheme

  Large numbers of potential first-time buyers are unaware of the Government’s help-to-buy scheme. A survey commissioned by Bank of Ireland found 39pc of potential first-time buyers are not aware of the tax incentive to buy newly built homes. This is despite the fact the Government’s controversial help-to-buy scheme has received massive media attention. Four […]

May 12, 2017 Uncategorized

There’s little risk of a big crash, but housing market is still a concern

In last week’s Sunday Independent, we learnt that a substantial fraction of the population – almost two in five – are worried about another housing crash. The public has every right to be concerned about what is happening in the housing sector. As each year passes, with only a small fraction of the 50,000 or […]

May 10, 2017 Uncategorized
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