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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.

Categories
Development Land

Land scarcity, planning issues and spiralling costs delay delivery of new homes

A combination of a shortage of residential development land, planning delays and spiralling labour and material costs are hindering the construction sector’s ability to deliver the level of housing required to meet consistently increasing demand.

The results from Knight Frank’s latest annual survey of Ireland’s top residential developers show that the new homes construction industry recovered strongly from last year’s Covid-induced disruption which effectively shut the sector for the first four months of the year. In all, 55 per cent of respondents stated that their development activity in 2021 was stronger than in 2020.

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

Surge in building material costs picking up pace, suppliers warn

Timber and other key building material prices are rising at a faster rate than this time last year, suppliers have warned.

Overall construction material costs surged 12 per cent in 2021, according to Martin Markey, chief executive of Hardware Association Ireland, whose members supply builders around the Republic.

“This year so far we’re pretty sure that it’s more. There are huge supply issues. It’s higher than in the first quarter last year,” he said at the weekend.

Mr Markey noted that industry figures from across Europe reported the same problems at a conference in London late last week.

He added that demand remained strong across both Irish and European construction, despite rising material and labour costs.

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 Dublin Extensions And Conversions Home Improvements Real Estate Surveying

New Loft Conversion Guidelines Published

The Department of Housing, Local Government & Heritage published new loft conversion guidelines document. This document highlights the principal issues (including fire safety) that need to be addressed when converting an attic / loft roof space in an existing dwelling house.

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.