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Author Archives: ciaran
Commercial property market continuing to show stability
The commercial property market continues to show stability, with the latest JLL Property Index reporting overall returns of 2.4 per cent in the last quarter and 11.1 per cent in the full 12-month period. Capital values increased by 1.2 per cent in … Continue reading
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Ireland’s 4,000 new property millionaires as house prices are up 40pc in just five years
New property millionaires are being created at a rate of a dozen a week. There are now close to 4,000 homeowners in Ireland whose property is worth €1m or more. Sandycove in Dublin is the most expensive market in the … Continue reading
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Tenants paying more than €2,500 monthly face 1% stamp duty bill
Thousands of tenants in Dublin face an unwelcome extra bill this year as spiralling rents tip them above the €2,500-a-month level at which a little-known 1 per cent stamp duty applies. Some 55 per cent of three-bedroom Dublin city family … Continue reading
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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. Read … Continue reading
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House prices around the country are rising by €2,000 every month
HOUSES PRICES ACROSS the country are rising more than €2,000 every single month on average, according to the latest House Price Report from Daft.ie. On a national basis, the average price of a house is €240,000 – 11.7% higher than … Continue reading
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Paying the price for costly and outdated regulations
Last week’s column discussed some recent history, in particular the regulatory backlash to the building boom that took place between 2000 and 2007. The main point was that many believe that the volume and quality of building was a result … Continue reading
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Rampant Japanese knotweed undermining house values and a hidden cost to buyers
The rampant spread of an invasive plant species is devaluing properties substantially and costing home owners tens of thousands of euro to remedy. Japanese knotweed can now be found “in every county in Ireland” and there is a chronic lack … Continue reading
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Fears as many as 70pc of apartments built here between 2000 and 2008 are fire deficient
The Society of Chartered Surveyors Ireland says that even before the Grenfell Tower fire in London, there had been “major concerns” over fire safety in multi-unit dwellings in Ireland, particularly those built between 2000 and 2008. One fire-proofing expert believes … Continue reading
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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 … Continue reading
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Why we keep making the same mistakes over housing
There is nothing new under the sun and this applies as much to the Irish housing market as anything else. The truly alarming thing about the current housing crisis is that it is really just a rerun of the crisis … Continue reading
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