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Category: Development Land

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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.

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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.

Categories
Development Land

Cost of living rises hitting prospective renters and buyers, survey finds

The rise in the cost of living is having a significant effect on prospective renters and homebuyers, a new survey has found.

According to data from property website MyHome.ie, more than 60 per cent of prospective renters said the current cost-of-living crunch has affected their ability to rent a property while half of prospective homebuyers said the cost of living has affected their ability to purchase a property.

The property listing site conducted a survey of 2,861 people earlier this month.

Figures released earlier this month by the Central Statistics Office showed consumer prices rose by 9.1 per cent in the year to July, the same level as in June.

Read the full details in Breaking News

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

Building costs to continue rising but at slower pace, surveyors predict

Building costs will continue rising this year but the pace of inflation should slow in coming months, surveyors say.

The prices that builders bid for commercial contracts rose 22 per cent over the past 18 months as the Government eased Covid curbs, demand for materials grew and energy costs soared, according to the Society of Chartered Surveyors Ireland.

Its members believe builders face further inflation in the second half of this year “but at a lesser rate” than over the past 18 months, says Kevin Brady, the organisation’s chairman, in a new report.

The group’s latest Tender Price Index calculates that building projects costs rose 7.5 per cent in the first half of this year, and 14 per cent over the 12 months to the end of June.

Read the full details in the Irish Times

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

Minister O’Brien welcomes the report of the working group examining defects in purpose-built apartments and duplexes constructed between 1991 and 2013

Having consulted widely and at length with stakeholders and interested parties, the Working Group estimates that of apartments and duplexes (or associated common areas) constructed between 1991 and 2013, the number that may be affected by one or more defects (i.e. fire safety-, structural safety- and water ingress defects) is likely to range between 50% and 80%. This equates to between 62,500 and 100,000 apartments/duplexes.

Read the full details at Gov.ie

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

Ireland’s Celtic Tiger legacy: expensive loans, faulty apartments and Europe’s worst housing crisis

Impact of 2008 meltdown and its belt-tightening aftermath still reverberate

Ireland’s stellar financial blowout in 2008 and the follow-up austerity project, the biggest undertaken by any country, continues to reverberate. We are stuck with an uncompetitive, semi-nationalised banking system that charges borrowers an interest rate premium over and above what our European counterparts pay for loans.

Read the full details at Irish Times

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

Irish home price growth set to slip to 4% over next year

Projected fall set to follow sharp rise after worst of coronavirus pandemic, notes survey of estate agents

Irish home price growth is set to ease to 4 per cent over the next year, following a sharp spike in the wake of the worst of the Covid-19 pandemic, according to a Society of Chartered Surveyors of Ireland (SCSI) survey of 130 estate agents and valuers.

Still, respondents to the survey predict that prices will continue to be underpinned by ongoing supply shortages, even as households grapple with soaring general inflation, geopolitical uncertainty as a result of the Ukraine war and imminent interest rate hikes from the European Central Bank, according to the report.

Read the full details at Irish Times

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.