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Ireland’s housing market is stabilising, despite claims to the contrary

Posted on 21 July 2019

Over 20 years Ireland has experienced both flavours of housing crisis – bust and boom – neither of which has delivered palatable outcomes. This situation has united some unlikely bedfellows. Opposition politicians of all creeds have made housing their main point of attack. Meanwhile, private sector economists have rowed in to emphasise the intractability of […]

Selling Your Home? Do These 6 Things to Add Maximum Kerb Appeal

Posted on 10 July 2019

When you’re trying to sell your home, first impressions count. If a potential buyer is underwhelmed before they even step over the threshold, you’ll already be on the back foot. Giving your home some kerb appeal doesn’t have to involve a large financial outlay – with a little effort, every home can be made to […]

Landlord Ires Reit reports surge in profits as average rents rise to €1,600

Posted on 2 March 2019

Share to FacebookShare to TwitterShare to Email AppShare to LinkedIn Ires Reit, the State’s biggest private landlord, reported a sharp rise in profits last year as the average rent achieved per unit increased by 5.4 per cent to €1,599. Ires reported net rental income of €41.2 million in 2018, a 13.5 per cent increase on […]

Rent-only apartment schemes on the up but ownership declines

Posted on 24 February 2019

After years of few new apartment developments in Dublin, 2018 was characterised by the rise in their popularity, with planning applications lodged for thousands of new units – a trend that is continuing into 2019. According to Kate Ryan, head of research for BNP Paribas Real Estate Ireland, investors ploughed almost €1 billion into Dublin’s private rented […]

Make houses cheaper: Government urged to reduce rate of VAT on new houses

Posted on 18 December 2018

Developments must be ‘viable for the housebuilder and affordable for the consumer The continuation of the Central Bank’s restrictions on mortgage borrowing means the Government needs to reduce the rate of VAT on new houses to deliver increased supply of housing, particularly apartments, according to Property Industry Ireland (PII), the representative body for the property […]

Three-year minimum wait for Hibernia Reit land to produce homes

Posted on 20 November 2018

Hibernia Reit CEO Kevin Nowlan has said it will be another three years at least before any new homes are delivered on his company’s massive land bank at Newlands Cross in west Dublin. Speaking to the Irish Independent following the publication yesterday of Hibernia Reit’s latest interim results, Mr Nowlan said there was now a […]

First-time buyers in Ireland paying multiples more for mortgage than European average

Posted on 4 November 2018

First-time buyers here are paying multiples more for a mortgage every year than the European average. The high rates are combining with a scarcity of properties to buy to price more new buyers out of the market, experts said. New figures show that a typical new buyer is paying almost €157 more for their mortgage […]

Families to save as mortgage market shake-up challenges existing lenders

Posted on 23 October 2018

The mortgage market is in line for a shake-up as Finance Ireland signalled its intention to become a key player with the purchase of the home-loans business of Pepper Money. It plans to grow the Pepper mortgage book and is aiming to launch additional home-loan products in the new year. The move is set to […]

Airbnb shut out of rent-a-room relief

Posted on 23 October 2018

Finance Minister Paschal Donohoe moved to shore up the short-term lettings incentive so home-owners using Airbnb and other tourism rental platforms do not benefit from the tax exemption granted under the existing rent-a-room relief. An amendment to the Finance Bill, which was published yesterday, strips the right to the exemption by applying a 28-day rule. […]