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News : Property Last Updated: Aug 18, 2015 - 9:23 AM


News : Property

Year-on-year inflation in rents eased back slightly between March and June but remain high at 8.6% nationwide, according to the latest quarterly Rental Report by Daft.ie. The national average rent between April and June was €934, compared to €860 a year previously. Inflation in rents peaked in late 2014, at 10.7%.

Aug 18, 2015 - 4:38 AM

News : Property

Signs of a slowdown in growth rates of Irish construction activity during July were reported, according to the latest monthly PMI survey.

Aug 10, 2015 - 7:58 AM

News : Property

In the year to June, Irish residential property prices increased nationally by 10.7%. The CSO said today that this compares with an increase of 13.8% in May and a rise of 12.5% in the twelve months to June 2014. Residential property prices rose nationally by 0.1% in the month of June. This compares with an increase of 0.5% recorded in May and an increase of 2.9% recorded in June of last year.

Jul 27, 2015 - 4:02 PM

News : Property

The growth in the number of Irish mortgage approvals for house purchase fell sharply in April 2015 with the number down on the previous month but up over 11% on April 2014 compared with a growth of almost 41% in Q1 2014. The value of approvals also slowed.

May 29, 2015 - 10:13 AM

News : Property

Irish land prices remain among the highest in the world and with County Dublin posting the biggest price jump in 2014, the October 2014 Budget cut of the post-economic bust 80% windfall rate on profits from rezoned land to the standard capital gains charge of 33% was a gift by Michael Noonan, finance minister, to speculators who are back in the market.

May 29, 2015 - 8:52 AM

News : Property

AIB Group today announced a number of reductions to its mortgage rates for owner occupier and buy-to-let mortgages. These include a cut of 0.25% for AIB Standard Variable Rate (SVR) customers and 0.38% for EBS and Haven SVR customers. The bank also announces reductions in Loan to Value (LTV) and Fixed Rate mortgages across AIB, EBS and Haven.

May 1, 2015 - 8:27 AM

News : Property

In the month of March residential property prices rose by 0.9% nationwide. Residential property prices were up 16.8% on an annual basis. In Dublin residential property prices rose by 1.1% in March.

Apr 28, 2015 - 1:43 PM

News : Property

Global property returns in 2014 suggest how negative interest rates or rates close to zero have the potential of creating another bubble with Dublin topping total returns at 44.7% from 25 countries.

Apr 16, 2015 - 6:47 AM

News : Property

The number of new Irish housing units that will be built in 2015 will rise to about 10,000 following 8,800 completions in 2014.

Apr 10, 2015 - 11:25 AM

News : Property

Ireland: Dublin house prices are up 21% in the year to February 2015 after a price decline in the month according to the CSO.

Mar 25, 2015 - 1:59 PM

News : Property

Prime office rents in Dublin are forecast to rise in the 12% to 31% range in 2015 after a 29% surge in 2014 according to Society of Chartered Surveyors Ireland.

Mar 5, 2015 - 7:20 AM

News : Property

The number of Irish housing mortgages paid in 2014 was at the same level as in 1976 while almost half of house sales were paid in cash.

Feb 28, 2015 - 7:03 AM

News : Property

The CSO reported Wednesday that in the month of January Irish residential property prices fell by 1.4% nationwide. This is the largest fall in national prices observed in a single month since February 2012. Despite this fall, residential property prices remain up 15.5% over the last 12 months.

Feb 25, 2015 - 11:05 AM

News : Property

Irish House Rents: Year-on-year inflation in rents nationwide eased in the final three months of 2014, according to the latest quarterly Rental Report by Daft.ie. The national average rent between October and December was just under €950, that’s 9.7% higher than last year. However, this is down from a 10.8% annual increase in the second and third quarters and marks the first time since mid-2009 that rental inflation has eased. However, supply has tightened in Dublin's commuter counties.

Feb 16, 2015 - 4:46 AM

News : Property

MSCI, the global index company, has revealed that returns from Irish commercial property in 2014 were double the level in the UK and among the highest in the world.

Feb 9, 2015 - 2:39 AM

News : Property

Irish Housing: Goodbody economists say today that Ireland has "a number of demographic features that make it rather unique in a European context" which will boost housing demand long-term but supply shortages are set to increase in the short-term.

Feb 6, 2015 - 10:41 AM

News : Property

The number of Irish mortgage approvals in 2014 rose by 43.6% to 26,576, according to latest figures from the Banking & Payments Federation Ireland. At a 36-year low the number compares with 26,777 in 1978.

Feb 3, 2015 - 3:56 AM

News : Property

Irish commercial property investment in 2014 was 25% above the peak bubble year of 2006 - a crazy year when residential house builds rose to 93,000 and the main banks began selling property assets to fuel lending - part of AIB's Bank Centre headquarters was sold to Seán Dunne, the cash-strapped developer.

Jan 20, 2015 - 7:55 AM

News : Property

The Irish construction sector maintained its recent run of strong growth in activity at the end of 2014 from a very low base.

Jan 12, 2015 - 1:08 AM

News : Property

The average asking price for a house in Ireland fell by 1% in the final three months of 2014, according to the 2014 Year in Review House Price Report released today by Daft.ie, the property website. This is the first average house price fell in a three month period.

Jan 5, 2015 - 7:37 AM

News : Property

The Price/Earnings multiple for Dublin houses is double the 1993 level, at the dawn of the Celtic Tiger period.

Dec 12, 2014 - 7:08 AM

News : Property

Residential property rents are up almost 10% in Dublin in past year but the trend is lower in the rest of the country.

Dec 11, 2014 - 1:32 AM

News : Property

After one of the world's biggest property busts the Irish residential property market remains dysfunctional and the Irish Government is unwilling to address factors that make housing expensive, in particular in Dublin, where the population density is much lower than in London. So it has made common cause with vested interests in opposing planned Central Bank rules on deposits and income limits for mortgages.

Dec 10, 2014 - 2:01 PM

News : Property

Ireland now tops a global rankings for house property price growth, six years after one of the world's greatest property busts - separately we report today that mortgage loan advances this year in Ireland are at a 40-year low.

Dec 8, 2014 - 3:41 PM

News : Property

The number of Irish mortgages paid in 2014 is at a similar level to 1974/75 - 40-year low.

Dec 8, 2014 - 2:26 PM

News : Property

The Irish construction PMI (purchasing managers' index) survey confidence measure in November was the highest since 2000 according to a report Monday.

Dec 8, 2014 - 12:43 AM

News : Property

The Central Bank reported today that the number of mortgage accounts in arrears has fallen again but while BTL (buy-to-let) mortgages have fallen, they are still at an extraordinarily high level despite the benefit of low tracker rates and in Dublin rents just 10% short of the 2007 peak.

Dec 3, 2014 - 3:55 PM

News : Property

The National Economic and Social Council (NESC) says in a report today that while there are benefits to renting, such as low-entry costs, no investment risk and flexibility, in the Irish housing system renting provides less security of tenure than ownership and unpredictable rents.

Dec 3, 2014 - 9:30 AM

News : Property

The National Asset Management Agency (NAMA), Ireland's 'bad bank' or toxic property loans agency, has announced Tuesday that it will redeem another €1bn of senior bonds on Wednesday. NAMA also announced that it will fund development of the Boland’s Mill site in Dublin’s south Docklands.

Dec 2, 2014 - 8:53 AM

News : Property

Ireland: Alan Kelly, environment minister, on Wednesday announced a new social housing programme which aims to accommodate everyone (90,000 households) on the Housing Waiting Lists by 2020. 35,000 housing units are to be built or leased while 75,000 will be dependent on the rental market with State help. The budgeted cost is €3.8bn.

Nov 27, 2014 - 1:09 AM

News : Property

In the year to October 2014, residential property prices at a national level, increased by 16.3%. This compares with an increase of 15.0% in September and an increase of 6.1% recorded in the twelve months to October 2013. Dublin house prices rose 24.1%.

Nov 26, 2014 - 3:18 PM

News : Property

The Irish home ownership rate is set to fall according to the National Economic and Social Council (NESC), an agency comprising representatives of economic and social groups in the economy, which advises the Government.

Nov 26, 2014 - 9:07 AM

News : Property

The 'Tara Collection' may conjure up tableware but property folk have invoked the traditional seat of the high kings of Ireland to add lustre to a number of disparate office buildings in Dublin and what they share in common is their association with NAMA - the State's toxic property loans agency.

Nov 19, 2014 - 8:19 AM

News : Property

Irish Housing Rents 2014: Rents are now more expensive than they were at the same stage last year in every county in Ireland, according to the latest quarterly Rental Report by Daft.ie covering the period July-September. Nationally, rents have risen by over 11% while over the last two years, the average rent nationwide has risen by almost €150, from €790 a month to €933. That national trend is being driven by Dublin, where rents are up an average of €300 a month since 2012 or 30% and less than 10% short of the 2007 bubble peak.

Nov 17, 2014 - 8:21 AM

News : Property

Irish Economy: The number of residential mortgage approvals in the nine months to September 2014 on an annualised basis are as low as in 1977.

Nov 14, 2014 - 7:37 AM

News : Property

Irish Construction: The latest construction PMI (purchasing managers' index) survey shows the fastest rise in new business for decade - however do not confuse a rise with level of activity.

Nov 10, 2014 - 2:10 AM

News : Property

In recent years, the biggest US individual landowner has taken advantage of tax breaks in Ireland to buy cheap Irish property assets tax-free and to change the tax residency of his key holding company from the US to the UK, saving over a billion dollars in taxes.

Nov 3, 2014 - 12:39 PM

News : Property

MSCI, the London-based index firm, on Wednesday reported that returns from Irish commercial property continued to rise in the third quarter of 2014, to reach 11.0%, their highest level since the IPD/SCSI Ireland Quarterly Property Index* began in 1995. This return substantially exceeded the 8.5% return recorded for Q2 2014. The 12-month return for Irish commercial property was at 36.6% to the end of September 2014 - the income or rental component of the return puts Ireland at a global high.

Oct 23, 2014 - 8:46 AM

News : Property

The National Asset Management Agency (NAMA), the Irish public toxic property loans agency, expects to have a surplus of less than €500m on the troubled loans it acquired from the country’s banks by the time it shuts shop in coming years but this surplus is far from a profit. Meanwhile 88.5% of assets that have been put on the market have been acquired by US investors.

Oct 23, 2014 - 8:43 AM

News : Property

588 Dublin apartments across seven residential developments, along with 36,274 sq ft (3,370 sq m) of commercial and retail space, have been brought to the market with a guide price of €116m - equating to an initial yield of approximately 6.3% (based off 100% occupancy). The sale - named ‘The Plum Portfolio' - is being handled by Savills and DTZ Sherry FitzGerald, who confirmed that the developments are available collectively or in individual lots. The apartments are fully let and the sale will not affect the current tenants.

Oct 22, 2014 - 2:18 PM

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