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Last Updated: Feb 9, 2012 - 7:24 AM |
News
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Property
Number of Irish properties for rent in 2012 lowest in more than 3 years; State rent supplement in 2011 was €503m
The number of Irish properties available to rent nationwide at the start of 2012 is at its lowest level in more than 3 years, according to the latest report published today by Ireland's largest property website, Daft.ie. The number of properties available to rent nationwide has fallen by 5.7%. This is primarily driven by Dublin, where there are almost 1,000 fewer properties available to rent now than a year ago. The State rent supplement in 2011 was €503m.
Feb 9, 2012 - 7:20 AM
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Property
Irish house prices fell by 16.7% in 2011; Residential property prices in Dublin down 55% from February 2007 peak
In the year to December 2011, Irish house prices at a national level, fell by 16.7%. This compares with an annual rate of decline of 15.6% in November and a decline of 10.5% recorded in the twelve months to December 2010. Residential property prices in Dublin are 55% lower than at their highest level in February 2007.
Jan 24, 2012 - 12:38 PM
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Property
International study says Irish house prices almost back to normal affordability; Vancouver overtakes Sydney as least-affordable housing market after Hong Kong
Irish house prices have now nearly returned to normal affordability, following the housing bubble while Vancouver overtook Sydney as the least-affordable housing market after Hong Kong among large English-speaking cities, as home prices rose faster than incomes, an international study of 325 metropolitan areas worldwide shows.
Jan 23, 2012 - 8:59 AM
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Property
Total return for UK commercial property in 2011 was 8.1%
Total return for commercial property in 2011 was 8.1%, according to the IPD UK Monthly Index. Capital growth slowed to 1.2%, while income return amounted to 6.8%.
Jan 19, 2012 - 8:31 AM
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Property
Irish commercial property market will see increased activity in 2012
Irish commercial property market will see increased activity in 2012, as banks, receivers and the National Asset Management Agency (NAMA) release more properties to the market, according to CBRE, the property consultants.
Jan 10, 2012 - 7:36 AM
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Property
Irish construction sector stabilises in December 2011 while new orders increase
Total activity at Irish construction firms fell only marginally during December and new orders rose, suggesting a stabilisation of the sector at the end of 2011. However, purchasing activity and employment both continued to decline during the month.
Jan 9, 2012 - 1:46 AM
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Property
Asking prices for Irish residential property plunged in fourth quarter of 2011 - - house prices down 18% in year
Asking prices for Irish residential property across Ireland fell by an average of 7.7% in the fourth quarter - - between September and December - - according to the 2011 In Review report published by property website Daft.ie. This is the sharpest three-month fall in house prices to date and means that the percentage fall in prices over the course of 2011 was 18%, as large the fall seen in 2009. The average asking price is now just over €175,000, 52% below the 2007 peak of €366,000.
Jan 3, 2012 - 2:36 AM
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Property
Irish house prices fell by 15.6% in year to November; House prices in Dublin are 52% lower than peak in early 2007
In the year to November, Irish house prices at a national level, fell by 15.6%. This compares with an annual rate of decline of 15.1% in October and a decline of 11.5% recorded in the twelve months to November 2010. House prices in Dublin are 52% lower than at their highest level in early 2007. Apartments in Dublin are 58% lower than they were in February 2007.
Dec 20, 2011 - 1:50 PM
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Property
Irish construction activity continues to fall but at weakest pace since February
Activity at Irish construction companies continued to fall in November, although the rate of decline slowed. New business declined marginally as clients remained cautious regarding economic conditions. Meanwhile, firms reduced employment again, and at a substantial pace.
Dec 12, 2011 - 5:39 AM
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Property
Irish retail groups call for action on rents
Commercial landlords have not reduced Irish retail rents to even close to market rates and Government action to abolish upward-only rent is urgently required, according to Retail Excellence Ireland who today published the results of a National Retail Rents and Employment Survey.
Nov 25, 2011 - 7:53 AM
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Property
Irish house prices fall by 15.1% in the year to October 2011; Dublin apartments are 60% lower than in February 2007
The Central Statistics Office said today that in the year to October, residential property prices at a national level, fell by 15.1%. This compares with an annual rate of decline of 14.3% in September and a decline of 11.1% recorded in the twelve months to October 2010. Dublin apartments are 60% lower than they were in February 2007.
Nov 21, 2011 - 2:06 PM
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Property
Irish Mortgage Arrears: 99,346 mortgage accounts in arrears more than 90 days or restructured and not in arrears in September 2011
Irish Mortgage Arrears: There were 99,346 mortgage accounts either in arrears greater than 90 days or have been restructured and are not in arrears as at the end of September 2011.
Nov 18, 2011 - 2:00 PM
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Property
UK commercial property capital growth flatlined in October
UK commercial property capital growth flatlined in October as the continuing crisis in the Eurozone, and the very real doubts about its resolution, took their toll on occupier demand and investor sentiment. Total return for October was almost entirely income driven, at 0.6%, according to the IPD UK Monthly Index.
Nov 17, 2011 - 5:18 AM
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Property
Irish mortgage market in 2011 expected to be the worst year since 1971
The IBF/PwC Mortgage Market Profile published today shows that 3,607 new mortgages to the value of €623m were issued during the third quarter of 2011. The results for this year are likely to be the lowest since 1971.
Nov 16, 2011 - 2:23 PM
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Property
Irish residential rents 0.2% higher in the third quarter of 2011 on previous year
Irish residential rents nationwide were an average of 0.2% higher in the third quarter of 2011 than a year previously, according to the latest report published by the property website, Daft.ie. This marks the first time since early 2008 that rents rose in year-on-year terms.
Nov 15, 2011 - 5:38 AM
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Property
Irish construction activity fell again in October; New business stabilised during the month
Irish construction activity fell again in October, although new business stabilised during the month. New orders remained insufficient to justify growth of employment or purchasing activity, and both fell markedly again. Meanwhile, input costs rose amid higher commodity prices, and low stock levels at suppliers reportedly contributed to lengthening delivery times.
Nov 14, 2011 - 5:04 AM
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Property
New survey shows Irish commercial tenants receiving rent reductions of up to 30% in 2011
According to a new survey by the Society of Chartered Surveyors Ireland, the most common outcome of rent renegotiations between landlords and tenants is a rent reduction of between 20 and 29% in 2011.
Nov 7, 2011 - 3:11 PM
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Property
Irish commercial property values fell for the fifteenth consecutive quarter in Q3 of 2011
Irish commercial property values continued to fall for the fifteenth consecutive quarter in the third quarter (Q3) of 2011, when a 4.6% dip brought the total fall since the Sept 2007 peak to 64.9%. Last week Jones Lang LaSalle said capital values had fallen 64.2% from the 2007 peak.
Oct 27, 2011 - 5:14 AM
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Property
Irish house prices fell by 14.3% in the year to September; Dublin apartments down 59% since Feb 2007
In the year to September, Irish house prices at a national level, fell by 14.3%. This compares with an annual rate of decline of 13.9% in August and a decline of 11.1% recorded in the twelve months to September 2010. Dublin apartments are down 59% since Feb 2007.
Oct 25, 2011 - 2:04 PM
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Property
Irish mortgage loan lenders forced to introduce stricter tests on affordability
The Central Bank of Ireland today published a revised Consumer Protection Code (2012 Code), which comes into effect from 1 January 2012 for regulated financial firms. The Bank says the publication of the revised statutory code represents the most significant strengthening of protections for consumers of financial institutions since the launch of the initial Code in August 2006. The code requires Irish mortgage loan lenders to introduce stricter tests on affordability.
Oct 19, 2011 - 7:27 AM
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Property
Irish commercial property capital value has tumbled 64.2% from September 2007 bubble peak
Irish commercial property capital value has tumbled 64.2% from the September 2007 bubble peak, according to a report published on Tuesday.
Oct 19, 2011 - 5:43 AM
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Property
UK commercial property returns 0.6% in September as equities fall another -5.0%
UK commercial property delivered a total return of 1.9% for the three months to September, despite the wider market turmoil that has seen -13.5% wiped from the value of equities, according to the IPD UK Monthly Index and FTSE All Share Index.
Oct 17, 2011 - 12:15 AM
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Property
European office rent yields Europe fell slightly during Q3 2011; Debt crisis creates divergent national economic performance
European office rent yields Europe fell slightly during Q3 2011 while sovereign debt problems and divergent national economic performance are seen as causing increased polarisation in European commercial real investment markets in Europe, CBRE, the US property consultants, said Wednesday at its European Investment Market briefing at the annual Expo Real conference in Munich, Germany.
Oct 13, 2011 - 3:04 AM
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Property
Irish Mortgage Arrears: Report opposes blanket debt/ negative equity forgiveness; Ownership of 10,000 homes maybe passed to local authorities
Irish Mortgage Arrears: The Inter-Departmental Working Group on Mortgage Arrears, which was established by the Government, says in its report published this morning that it opposes blanket debt or negative equity forgiveness. One proposal could see as many as 10,000 people transfer ownership of their homes to local authorities.
Oct 12, 2011 - 1:38 PM
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Property
Irish construction activity falls at sharpest pace in 16 months during September
Irish construction activity fell at the sharpest pace in 16 months during September. New business also fell, although the pace of reduction was only slight. The reduction in new orders was the main factor behind further falls in both employment and purchasing activity.
Oct 11, 2011 - 3:10 AM
News
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Property
Irish House Prices: Asking prices fell more than 3% in third quarter according to Daft.ie and MyHome.ie
Irish House Prices: Asking prices fell more than 3% in the third quarter according to Daft.ie and MyHome.ie web services.
Oct 3, 2011 - 3:32 AM
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Property
NAMA agrees sale of €800m loans on London hotels
The National Asset Management Agency [NAMA] has confirmed that it has completed the sale of loans valued at €800m held by the agency which were attached to the Claridge's, Connaught and Berkeley Hotels in London.
Sep 29, 2011 - 3:19 PM
News
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Property
Irish residential property prices fell by 13.9% in year to August 2011; Prices in Dublin down 51% since February 2007
In the year to August 2011, Irish residential property prices at a national level, fell by 13.9%. This compares with an annual rate of decline of 12.5% in July and a decline of 10.8% recorded in the twelve months to August 2010. Prices in Dublin are down 51% since February 2007.
Sep 26, 2011 - 1:49 PM
News
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Property
New Irish property survey shows sales agreed up 14%; Dublin leading way
A new Irish property survey from the Society of Chartered Surveyors Ireland shows that sales activity levels in the residential property market have improved in quarter two with a 14% increase in sales agreed nationwide. However, the increase comes from low levels of activity in Q1 and varies significantly at a regional level.
Sep 21, 2011 - 10:53 AM
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Property
UK commercial property capital growth was positive in August for 25th straight month
Despite wider economic shudders throughout August, UK commercial property capital growth remained steady at 0.1% in the IPD UK Monthly Index (pdf), ushering in 25 months of positive value movement in the UK property market.
Sep 16, 2011 - 7:25 AM
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Property
Troubled New York developer sues Anglo Irish Bank over sale of loan
The developers of the landmark Apthorp building on the Upper West Side of Manhattan, New York, filed papers in the New York Supreme Court on Monday, contesting the right of Anglo Irish Bank to sell the $385m loan on the building, in an auction last month.
Sep 13, 2011 - 6:19 AM
News
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Property
Irish construction activity remained mired in recession in August
Irish construction activity remained mired in recession in August, with uncertainty surrounding the economic climate weighing on the sector. Alongside the fall in activity, further declines were recorded in new orders, employment and purchasing activity.
Sep 12, 2011 - 4:35 AM
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Property
National Asset Management agency approves sales of €4.6bn; 20% of developers are "unviable"
The National Asset Management Agency (NAMA) has now approved the sale of property assets valued at some €4.6bn. This is an update on the previous figure of €3.9bn in approved sales which was published at the time of the Annual Report. The agency considers that 20% of developers are "unviable."
Sep 9, 2011 - 3:16 PM
News
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Property
NAMA updates website page detailing 887 properties subject to enforcement action
The National Asset Management Agency [NAMA] has updated its website page detailing the properties which are subject to enforcement action by the Irish State agency for toxic property development loans. The new information includes all properties which were subject to enforcement action at the 31st July last. The list includes 36 new properties to which receivers were appointed during July. The total number of properties now listed is 887 [some of which are multiple properties such as Apartment blocks].
Aug 31, 2011 - 3:10 PM
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Property
Irish construction tender prices have stabilised at 1998 levels
New figures from the Society of Chartered Surveyors Ireland (SCS) show that Irish construction tender prices have stabilised at 1998 levels.
Aug 30, 2011 - 2:25 AM
News
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Property
Irish Housing: Burton says €542m available under the Department’s Mortgage Interest and Rent Supplement Schemes in 2011
Irish Housing: Joan Burton T.D., Minister for Social Protection has outlined supports of €542m available under the Department’s Mortgage Interest and Rent Supplement Schemes in 2011.
Aug 29, 2011 - 12:50 PM
News
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Property
Irish Residential Property Prices fell by 12.5% in the year to July
In the year to July, Irish residential property prices at a national level, fell by 12.5%. This compares with an annual rate of decline of 12.9% in June and a decline of 12% recorded in the twelve months to July 2010.
Aug 29, 2011 - 12:25 PM
News
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Property
Irish Mortgages June 2011: 55,763 accounts - - 7.2%, - - in arrears 90 days+; 95,158 in arrears 90 days+ or restructured
The Central Bank today published the latest data on mortgage arrears and repossessions for the period ended June 2011. The figures show that 7.2% of private residential mortgage accounts are in arrears for more than 90 days. At the end of June 2011 there were 777,321 private residential mortgage accounts held in the Republic of Ireland to a value of €115bn. Of these, 55,763 accounts, or 7.2%, were in arrears for more than 90 days. This compares with 49,609 accounts (6.3% of total) that were in arrears for more than 90 days at the end of March 2011. 95,1581 accounts were either in arrears greater than 90 days or have been restructured.
Aug 29, 2011 - 11:17 AM
News
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Property
Over half of all tenders for Irish construction projects below cost
According to a new survey on tender prices, over half of all tenders for Irish construction projects are now coming in at below cost.
Aug 21, 2011 - 11:08 PM
News
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Property
Two years of UK commercial property capital growth dips to lowest in July since start of recovery
The long drawn out decline in UK commercial property capital growth, in July dipped to its lowest rate since the recovery began, according to the IPD UK Monthly Index. Despite the UK market now seeing two full years of positive growth, declines in retail values leave offices as the only sector experiencing capital appreciation.
Aug 18, 2011 - 4:05 AM
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