| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Taxation

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

 
Content Management by interactivetools.com.

News : Property Last Updated: Oct 9, 2015 - 12:32 AM


News : Property

Irish House Prices 2014: In the year to September, residential property prices at a national level, increased by 15.0%. This compares with an increase of 14.9% in August and an increase of 3.6% recorded in the twelve months to September 2013. Price rises in Dublin eased to 23.4%.

Oct 22, 2014 - 12:16 PM

News : Property

The latest construction PMI (purchasing managers' index) shows the highest monthly rise in the index in September since the series began in June 2000. However journalists and others are confused by this type of survey.

Oct 13, 2014 - 7:43 AM

News : Property

In Ireland agricultural land is claimed to be the most expensive in the world and houses prices in Dublin are up an average 25% in a year while in some areas of the capital they have jumped by a third -- the explanations for both are shortages of supply.

Oct 8, 2014 - 7:09 AM

News : Property

New Irish mortgage rules published today by the Central Bank mean that from next January most house buyers will need to have a 20% deposit when applying for a home loan.

Oct 7, 2014 - 3:25 PM

News : Property

Dysfunctional is a polite term for the development land systems in the UK and Ireland - at least in the UK there are 64m people compared with 4.6m in the Republic of Ireland.

Oct 7, 2014 - 8:40 AM

News : Property

Irish House Prices: The average asking price for a house in Ireland has risen by 14% over the past year, led by an average rise of 25% in Dublin, according to the 2014 Q3 House Price Report released today by Ireland's biggest property website Daft.ie. The average asking price nationwide is now €195,000, compared to €170,000 a year ago and €380,000 at the peak.

Oct 6, 2014 - 8:39 AM

News : Property

The total amount of capital invested in Irish commercial property was higher in the third quarter than any other quarter in history, according to Jones Lang LaSalle's (JLL) investment property report for Q3 2014. In the last 3 months, €1.15bn of property was purchased by investors, with total volumes for the year-to-date now up to almost €3bn the report says that with one quarter left in the year, "we are just €600m behind the peak of the investment market in 2006, when €3.6bn of Irish property was traded."

Oct 1, 2014 - 5:42 AM

News : Property

In the year to August, residential property prices at a national level, increased by 14.9%. This compares with an increase of 13.4% in July and an increase of 2.8% recorded in the twelve months to August 2013. Dublin prices surges by 25.1%.

Sep 24, 2014 - 4:06 PM

News : Property

Dublin prime office rents in mid-2005 were the seventh highest in the world according to CB Richard Ellis and following a plunge of more than two-thirds in the value of Irish commercial property during the economic bust, office rents in the Irish capital are set to return to the ranks of the most expensive in the Europe, Middle East, Africa (Africa) region.

Sep 16, 2014 - 7:51 AM

News : Property

A study of the Dublin property market shows that the number and value of transactions rose in all but two areas of Dublin in the first six months of 2014. Based on an analysis of the Property Price Register, Dublin 6 was the most popular postcode area to buy a property with 346 sales recorded between in H1 2014 -- up 76% on 197 sales in the same period last year.

Sep 11, 2014 - 6:51 AM

News : Property

Today's PMI (purchasing managers index) data on the Irish construction sector that is produced by Markit, the London index firm for Ulster Bank, shows another sharp expansion in August, with activity increasing in each month throughout the past year and confidence at a near-record high - - however, this data is unusual as there is neither information on the response rate or the number of panel firms and we assume that it's a small number.

Sep 8, 2014 - 8:27 AM

News : Property
The Irish Banking Federation has published the latest figures from the IBF Mortgage Approvals Report today, which shows that 22,400 mortgages were approved in the 12 months to July 2014, which is the lowest since 1974 when 20,800 were approved. A total of 2,555 were approved on average in the three months to July.
Aug 28, 2014 - 11:26 AM

News : Property
Irish House Prices: In the year to July, residential property prices at a national level, increased by 13.4%.  This compares with an increase of 12.5% in June and an increase of 2.3% recorded in the twelve months to July 2013. Dublin house prices rose 23.2% while Rest of Ireland prices gained 4.9%.
Aug 27, 2014 - 11:46 AM

News : Property
According to a new housing report published today by the Society of Chartered Surveyors Ireland, cash purchases accounted for about 35% of transactions in the second quarter of the year, from 50% in Q1.
Aug 26, 2014 - 9:07 AM

News : Property
There are almost 40% fewer Irish properties available to rent compared to this time last year according to the latest quarterly Rental Report by Daft.ie. Nationally, rents have risen by over 10% in the space of twelve months with the national average rent now €915 compared to €825 a year previously.
Aug 19, 2014 - 8:09 AM

News : Property
A total of 4,803 Irish home mortgage loans were drawn down in Q2 2014 according to the Irish Banking Federation. In the period July 2013- June 2014 the number of  loans issued was at 18,016 just short of the total of 18,313 in 1974.
Aug 12, 2014 - 1:11 PM

News : Property
The monthly Irish Construction PMI reports shows that the rate of growth in new business quickened sharply to the strongest since November 2004 and the pace of job creation picked up. This however is a misleading claim.
Aug 11, 2014 - 7:37 AM

News : Property
An article published today in the Economic and Social Research Institute's (ESRI) latest Quarterly Economic Commentary updates earlier analyses of Irish house price movements. 'Bubble, Bubble, Toil and Trouble,' by Dr Kieran McQuinn, shows that Irish house prices at end of December 2013 were  undervalued by up to 27%, and in the absence of a significant housing supply response, are likely to continue to increase in the coming years.
Aug 7, 2014 - 6:13 AM

News : Property

A research note published today by the ESRI (Economic and Social Research Institute), summarises recent research on the impact of projected population change on housing demand at the county level. It forecasts that up to 60,000 new housing units will be needed in the Dublin area by 2021.

Aug 6, 2014 - 4:20 PM

News : Property
Ireland: A research note published today by the ESRI (Economic and Social Research Institute), examines the factors which lead young Irish people (between ages 20 and 39) to form an independent household and which also determine whether they choose to rent or to buy. The note shows that about 20,000 more young people moved from parents’ homes in 2011 compared to 2006 -- however with rising rents in Dublin in particular in recent times, the pattern has reversed and the propensity to buy has risen.
Jul 30, 2014 - 2:04 AM

News : Property
Irish House Prices 2014: In the year to June, residential property prices at a national level, increased by 12.5%.  The CSO says this compares with an increase of 10.6% in May and an increase of 1.2% recorded in the twelve months to June 2013. Dublin prices rose 24.4% in 12 months to June. Conall Mac Coille of Davy says: "Cash buyers continue to drive the market, squeezing out first-time buyers who are clearly struggling to acquire properties amidst weak housing construction and low mortgage lending.
Jul 24, 2014 - 1:52 PM

News : Property
Irish Interest-Only Mortgages: In 2006 we asked the Central Bank for data on interest-only (IO) mortgages but no data was requested from banks. Today the bank published an economic letter in which it warns of the danger of mainly BTL (buy-to-let) mortgages from the period 2005-2008 seeing an end to the interest-only period in coming years.
Jul 16, 2014 - 3:39 PM

News : Property
Insolvency Service of Ireland, the public agency for supervising deals between defaulting mortgage holders and Irish banks, appears to be "on a slow boat to China" with a process where only 27 deals were agreed in Q2 2014.
Jul 15, 2014 - 7:56 AM

News : Property
A further expansion in Irish construction activity was recorded in June, extending the current sequence of growth to ten months. The latest rise was supported by sharp new order growth, which also led to increases in employment and purchasing activity. Meanwhile, the rate of input cost inflation remained solid despite easing from that seen in May. However, we must assume that the firm sample is small as it's not disclosed.
Jul 14, 2014 - 9:27 AM

News : Property
With Dublin house prices rising by 22% in May, the office prices in the capital are also climbing towards the danger zone.
Jul 4, 2014 - 7:21 AM

News : Property
More houses have come on the Irish market for sale in the past three months than in any previous quarter since 2008, according to the House Price Report released today by Ireland's biggest property website Daft.ie. Almost 15,000 properties came to market between April and June as the national average asking price rose 9% from the same period last year. The average asking price nationwide is now €187,000, compared to €171,000 a year ago and €380,000 at the peak.
Jul 1, 2014 - 7:54 AM

News : Property
In a sign that the price recovery in the property market is gaining momentum, asking prices in Dublin continue to increase this quarter while price growth has also extended to the national market. The mix adjusted average asking price in Dublin increased by 4.5% in Q2 2014, the largest increase since Q1 2006.
Jun 30, 2014 - 4:02 AM

News : Property
Irish Home Prices 2014: Dublin prices surged 22% in 12 months to May and jumped 4.2% in the month. Meanwhile, the CSO said today that residential property prices at a national level, increased by 10.6%. This compares with an increase of 8.5% in April and a decrease of 1.1% recorded in the twelve months to May 2013.
Jun 25, 2014 - 11:36 AM

News : Property
Irish commercial property sales  in the first half of the year are at €1.7bn according to Jones Lang LaSalle (JLL). The largest transaction was Project Sapphire, which Green REIT purchased in June. JLL acted for Cosgraves, the vendor for the sale, which totalled €375m and included 3 assets: George’s Quay, George’s Court and Westend Retail Park.
Jun 24, 2014 - 4:06 PM

News : Property
New research by Savills, the property consultants, shows that Dublin has experienced the fastest growth in net effective rents among 21 European office markets over the last year. Effective rents in Dublin have increased by 39.3% in the last 12 months, compared with an average of 5.1% across Europe.
Jun 23, 2014 - 1:47 PM

News : Property
Commercial property values in the UK rose by 1.1% in May, a further increase on the 0.8% growth seen in April, marking the highest monthly increase of 2014 to date.
Jun 18, 2014 - 8:20 AM

News : Property
Rents in Dublin rose ten times the level outside the capital in the 12 months to end of March 2014 according to the quarterly Private Residential Tenancies Board (PRTB)/ESRI Rent Index. Meanwhile as reported last week, there were 39,250 BTL accounts in arrears in Q1 2014 and 70% of the loans are tracker mortgages - - repayments are set to fall again after last week's ECB rate cut.
Jun 11, 2014 - 7:40 AM

News : Property
The recovery in the Irish construction sector continued in May. Although rates of expansion in activity, new orders and employment all eased from the highs seen in the previous month, they remained strong and companies were again optimistic regarding growth over the coming year. A marked acceleration in the rate of input cost inflation was recorded as suppliers took advantage of improved demand for inputs to raise their charges. The Ulster Bank Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index designed to track changes in total construction activity – posted 60.2 in May, down from the previous month’s reading of 63.5 but still pointing to a sharp increase in total construction activity. Activity has now risen in each of the past nine months, with the latest expansion linked to higher workloads and improving confidence.
Jun 9, 2014 - 2:25 AM

News : Property
The number of mortgage accounts  for principal dwelling houses (PDH) in arrears for over 90 days dropped for the third straight quarter in a row in the three months to the end of March 2014, data from the Central Bank today show. However the numbers of arrears for 720 days or more rose 5% in the first quarter to 35,314 mortgage accounts were in arrears for over 720 days - - with an outstanding balances of €7.4bn. Meanwhile, a total of 39,361 BTL (buy-to-let) accounts were in arrears.
Jun 5, 2014 - 12:24 PM

News : Property
New single-family US homes are getting bigger to meet demand from well-off people but fewer single homes are being built resulting in a drag on the economy.
Jun 3, 2014 - 6:12 AM

News : Property
Irish House Prices 2014: In the year to April, residential property prices at a national level, increased by 8.5%.  This compares with an increase of 7.8% in March and a decrease of 1.2% recorded in the twelve months to April 2013. Dublin prices rose 3.1% in the month and are up 17.8% in 12 months.
May 28, 2014 - 11:58 AM

News : Property
A new report on the land market shows that land prices increased in 2013 and activity levels are up 5% in the first quarter of 2014. Prices rose highest in Munster.
May 27, 2014 - 9:16 AM

News : Property
With the UK unemployment rate down to 6.8%, the Bank of England is eager to keep the base rate unchanged at 0.5% -- the lowest since the central bank was founded in 1694 -- until the current economic recovery becomes sustainable.
May 19, 2014 - 6:09 AM

News : Property
Dublin Housing Crisis: The "construction strategy" launched by the Government on Wednesday is a cobbling together of input from various people that results in a 75 item laundry list, which is a detail of aspirations not a strategy.
May 15, 2014 - 8:17 AM

News : Property
Irish Construction: Enda Kenny, taoiseach and Eamon Gilmore, tánaiste, this afternoon announced a package of measures to stimulate activity in the construction industry and boost local and European election prospects, just with over a week to polling day on Friday, May 23rd. The taoiseach promised "a world-class, competitive and dynamic sector operating to the highest standards and in line with best practice."
May 14, 2014 - 4:37 PM


Latest Headlines
News
Finfacts launches new news site
Strong Swiss franc gloom deepens for exporters
Spain's strong recovery to slow in the next few years
Global investors shift focus to China; EM outflows surge to $1tn in 13 months
Digital Taylorism: Amazon's chief rejects depiction of "soulless, dystopian workplace"
Irish residential rents rise 9% as students face tight market conditions
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Most surviving startups do not grow; Tiny number powers jobs engine
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
Global oil glut will continue into 2016
High EU youth unemployment rate not as bad as it seems
Despite euro dip China & US remain most competitive manufacturing nations
Irish Farmers & Milk Prices: 'Shackles' off in April; Demanding safety-net in August
Stable growth momentum in OECD area but slowing expected in China
Eurozone retail PMI surges to highest since January 2011
Irish construction activity growth eased in July
ECB monetary policy still tight for Southern Europe
US jobs rose by 215,000 in July; Unemployment rate stable at 5.3%
Irish pension managed funds returns at over 12% year-to-date in 2015
Irish chartered accountants' salary packages surge 13% in 12 months
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Prices for major food commodities in July lowest since September 2009
Business startup rates up in most OECD countries led by Australia and UK
Irish services PMI fastest rate since late 2006; Official data up only 2.4% in 12 months
Irish Economy: Tax €893m above target in year to July — €653m from corporation tax
Fact and Fiction: Time to review Ireland's economic statistics?
Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
Global manufacturing in July weakest level in two years
Irish manufacturing PMI strong in July
Eurozone manufacturing sector continued to expand in July
US economy grew at weak pace in Q2 2015 - Worst expansion since 1945
Irish Economy: Fall in GNP in Q1 2015; GDP rises
Irish Economy 2015: Central Bank lauds strong recovery; Time to start paying down debt
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
Irish residential property prices fell in Dublin in June
Analysis/Comment
Disastrous 44-year War on Drugs and ignoring the evidence
HSBC & Tax Evasion: France/ Belgium issued criminal charges; UK/ Ireland nothing
Analysis: Germany world's top surplus economy; UK tops deficit ranks
Facts do not always change minds - can even entrench misinformed
Finfacts changes from 2015
Facts of 2014: Guinness not Irish; 110 people own 35% of Russia's wealth
In defence of dissent and Ireland's nattering nabobs of negativism
Dreams of European Growth: France and Italy facing pre-euro economic problems
Globalization's new normal needs permanent underclass - Part 1
MH17 and Gaza: who is responsible?
Israel vs Palestine: Colonization set for major expansion
Aviva Ireland's 'fund' runs dry and life cover to die for
We wish Martin Shanahan - new IDA Ireland chief - well but...
Ireland as an Organised Hypocrisy is in lots of company
Dr Peter Morici: Friday’s US jobs report won’t alter Fed plans to raise interest rates
Own Goal: Could FIFA have picked worse World Cup hosts?
Ireland: Spin and spending will not save bewildered Coalition
Irish Government parties set for 2-year vote buying spending spree
European Parliament: Vote No. 1 for Diarmuid O'Flynn in Ireland South
Dr Peter Morici: US April jobs report may show 215,000 added in April
Dr Peter Morici: Hardly time to call Obamacare a success
Celtic Tiger RIP: Change in conservative Ireland six years after crash
Dr Peter Morici: Five things to know about the Fed’s obsession with inflation
In age of acronym/ Google, Trinity to rebrand as 'Trinity College, the University of Dublin’
Hoeness case part of ‘painful’ change for Swiss bankers
Dr Peter Morici: The Cold War was only on vacation
Dr Peter Morici: US economy drags on Obama's approval ratings; Don’t look for changes in Washington
Dr Peter Morici: Bitcoin debacle shatters the myth of virtual money
Dr Peter Morici: US Tax Reform: Eliminate the income tax and IRS altogether
Wealth threatens the simple life in Gstaad, Switzerland
Irish journalists get cash payouts over 'homophobic' defamation claim
Irish academics get lavish pension top-ups as private pensions struggle
Dr Peter Morici: Inequality is President Obama’s highest priority, but solutions are naive
The Finfacts Troika: Better times ahead and a hangover to forget?
Dr Peter Morici: Volcker Rule arrives with the hidden jewel in Dodd-Frank financial reforms
Ireland's toothless fiscal watchdog threatens to bark
Analysis: Germany's current account surplus - - Part 2
The end of western affluence?
Bono's hypocrisy on Africa, corporate tax avoidance in Ireland
France like Ireland is run for the benefit of the old
Asia Economy
IMF defers renminbi reserve decision; Devaluations losing firepower
Japan's trade deficit widens and GDP falls despite 33% yen devaluation
China's exports slide in July; Fx reserves dip $42.5bn in month
Chinese manufacturing PMI falls for 5th straight month in July; Japan at 5-month high
China's overseas investments to surge; Ireland got €99m of €46bn invested in EU in 2000-2014
China to overtake US economy in 2026; Income per capita will be 50% of US in 2050
Manufacturing activity in China and Japan contracted in June
China's manufacturing contracted for third straight month in May; Japan in slight rise
Asia accounts for 40% of global output, two-thirds of global growth
China's exports unexpectedly fell in April 2015 after March dip
China's growth in 2015 at slowest since early 2009
China's 2015 foreign trade continues to slide
Singapore remains world’s top location for business on 50th anniversary of independence
China's manufacturing activity fell to a 11-month low in March
China in surprise rate cut to boost sagging economy
Chinese Lunar New Year: Year of the Wood Goat begins this week
China’s manufacturing shrunk in January; Regional rise except Indonesia
Profits of Chinese industrial businesses plunged in 2014
China's growth in 2014 fell to a 24-year low
Services activity in China, Japan and India in moderate rises in December
China’s manufacturing industry remains competitive despite rising wages
China revises 2013 GDP up 3.4% to 56.5% of US economy size
China's manufacturing contracts in December; Japan's grows
China's imports slide in November; Emerging markets slow
Manufacturing PMI stalled in China in November; Fell in Korea, Indonesia , grew in India
China's manufacturing output contracted in November; Japan's accelerated
Ireland not among top 67 destinations for Chinese outbound FDI in 2014
Japan fell into recession in third quarter of 2014
Services slowed in China, contracted in Japan and stagnated in India in October
Manufacturing in South Korea/ Indonesia contracted in October; India in slight rise
Two Chinese manufacturing reports show trading near stagnation levels
Bank of Japan raises money printing target; Spending and wages plunge
China's manufacturing stagnates, Japan in moderate growth
China’s economy in third quarter grew at slowest pace in five years
Chinese exports jump in September; "Sadness will return soon"
World Bank cuts growth forecasts for developing East Asia including China
Japanese business confidence slightly improves; Manufacturing sector weak
Developing Asia remains fastest-growing region in world in 2014
Chinese manufacturing PMI rose slightly in September
Japan reports 26th straight monthly trade deficit; Public debt tops ¥1,000tn