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Building Surveyor Dublin | ABL Surveyors | Advanced Building & Land Surveyors
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Building Surveyor Dublin | ABL Surveyors | Advanced Building & Land Surveyors
Online Enquiry

Category: Development Land

Categories
Development Land

Tens of thousands face mortgage crunch as Central Bank warns hikes have yet to pass fully to households

​Tens of thousands of homeowners who have been shielded to date from surging interest rates are at risk of being hammered as their debt is repriced next year, even as financial markets bet the ECB hikes will start to reverse.

The Central Bank warned yesterday that the full hit of higher borrowing costs has not yet been felt, including the 40pc to 50pc of mortgage-holders who have not seen their monthly repayments rise even though the European Central Bank has hiked rates 10 times in 16 months to 4.5pc.

Read the full details in the Irish Independent.

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote.

 

Categories
Development Land

Householders urged to take in renters as 21pc of homes have at least two spare bedrooms

New data collected during Census 2022 shows that 21pc of Irish households have two or more spare rooms in their homes, prompting calls for homeowners to consider renting a room.

The census data show for the first time the number of homes with surplus accommodation. Some 389,000 households had two or more bedrooms, which adds up to 778,000 unoccupied bedrooms.

There were 110,000 homes in Ireland with three bedrooms that nobody slept in on census night, accounting for 6pc of all households in Ireland with three rooms unoccupied, or about 330,000 unoccupied bedrooms.

It comes as the latest report from the Residential Tenancies Board (RTB) reveals that the average rent for new tenancies in Dublin has reached a record of €2,102 per month.

Read the full details in the Irish Independent.

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote.

 

Categories
Development Land

Dublin house prices fall for sixth month in a row but nationally up 3.6pc on last year

Property prices in Dublin fell for a sixth consecutive month in April.

Prices nationally were stagnant, according to the Central Statistics Office (CSO). The slowdown in the property market was also reflected in a fall in the number of mortgage approvals in the same month.

Successive mortgage rate rises across all the lenders are making it more expensive for buyers.

Read the full details in the Irish Independent.

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote.

 

Categories
Development Land

First-time buyers pushed to limit as runaway house prices burden them with bigger loans

Mortgage drawdowns hit a 14-year high at the end of 2022, but first-time buyers are approaching their limits as prices rise faster than they can cobble together cash.

New data from the Banking and Payments Federation of Ireland (BPFI) shows the mortgage market grew strongly in the second half of 2022, with the number of loans taken out rising by 24pc to nearly 31,000 in the year – the most since 2008.

Much of that increase was due to the massive growth of the switcher market, with borrowers racing to lock in cheap interest rates as the European Central Bank (ECB) embarked on the steepest rate hikes in its history. However first-time buyers (FTB) still make up the bulk of mortgage customers, although evidence is emerging that runaway house prices are pushing them to the edge of their financial capacity.

Read the full details in the Irish Independent.

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote.

Categories
Development Land

Hundreds approved for scheme that bridges gap for squeezed middle home buyers

THE Government’s First Home shared equity scheme has generated big interest from first-time buyers.

New figures show that 1,336 buyers have been approved for the scheme since it was launched last July.

It is designed to bridge the gap for those whose income is too low to get them a big enough mortgage to buy their first home.

It is for those who do not qualify for social housing, but have not got a big enough income to get a mortgage from a bank or non-bank lender to buy in the current property market.

Read the full details in the Irish Independent

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote.

Categories
Development Land

House prices fall for third quarter in a row but freefall not expected

A second property price report has found prices are falling. But its authors insist we are not heading for a new property price collapse.

Asking prices fell in the first three months of the year, according to MyHome.ie – it is the third consecutive quarter of values coming down. They were down by 0.3pc in the first quarter, but are up 3.2pc on the year.

Homes are now being sold for just 1pc over asking price compared with 6pc this time last year.

Last week, a Daft.ie report had similar findings of falling asking prices for properties.

MyHome.ie said Dublin house prices had fallen for four consecutive months and were now 2pc below the peak levels they hit in September last year.

Read the full details in the Irish Independent

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote.

Categories
Development Land

Most projects to renovate vacant buildings for homes too costly, study finds

The cost of renovating vacant properties to live in is so high it does not make economic sense most of the time to carry out the work.

This is despite a government grant scheme put in place to encourage the refurbishment of vacant properties, according to a major study by the Society of Chartered Surveyors Ireland.

The study of the costs of buying and renovating vacant and derelict sites found costs are so high that higher grants are need. Just five of 20 case studies reviewed by surveyors from all over the country were financially viable for restoration to habitable use.

When the grants for owner- occupier residences under the Government’s Croí Cónaithe scheme and the Sustainable Energy Authority of Ireland (SEAI) are factored in, just one additional property becomes financially viable.

Read the full details in the Irish Independent

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote.

 

Categories
Development Land Dublin Extensions And Conversions Home Improvements Real Estate Surveying

Help-to-Buy and First Home schemes ‘fuelling rising prices’ of new houses

Government policies have been cited as the main reason the cost of new houses is rising faster than those of second-hand homes.

Prices of new houses shot up by 10pc in the last three months of last year compared with the same period in 2021.

This is despite rising mortgage rates and new buyers being given smaller home loans as inflation eats into their repayment capacity.

Second-hand house prices were up 8.3pc last year, according to the Central Statistics Office (CSO).

The increase in the cost of new homes accelerated in the last quarter of last year. In the three months to December, new house prices were up 3.5pc compared with the previous quarter, when apartments were excluded.

Read the full details in the Irish Independent

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote.

Categories
Development Land

House price growth to slow to 3pc nationally as rates rise and cost-of-living pressures hit purchasing power

The property market is set for a slowdown in price rises in 2023 as mortgage interest rate rises and cost-of-living increases affect buying ability, according to a nationwide survey of estate agents.

The survey carried out for the Irish Independent by the Real Estate Alliance (REA) group has found that agents throughout the country expect prices to rise by just under 3pc on average in the next 12 months.

In Dublin city, which is experiencing small pric e drops in certain areas, agents anticipate modest increases of 3.6pc across the year.

Read the full details in the Irish Independent

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote.

Categories
Development Land

Introduction of concrete levy set to ‘severely impact’ cost of construction

Finance Minister Paschal Donohoe has introduced a Defective Concrete Products Levy in this year’s budget which will come into force from April 3 next year.

The new levy on concrete blocks, pouring concrete and certain other concrete products will be applied at a rate of 10pc.

The measure follows the introduction of a comprehensive redress scheme earlier this year for those impacted by the use of defective products in the building of their homes.

Read the full details in the Irish Independent.

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote.