Property Clinic

Posted on 16 September 2013

Q I am the owner of an end-of-terrace duplex apartment. The bathroom does not have any natural light as it backs onto the garden of the house next door. Do I have any options regarding introducing light, for instance a glass block panel that would not necessarily open out? How could I establish if the above is feasible? Obviously I would […]

Like falling in love, house buying can make us more emotional than rational

Posted on 16 September 2013

Sometimes, looking for a house can be a bit like looking for a significant other. “You’ll know when it’s the one,” people say, adding, “what’s for you won’t pass you by”. Well, so far quite a lot has passed us by, and, just like I don’t buy into the myth of there being a ‘one’ […]

Housing market needs new lenders, says expert

Posted on 20 August 2013

THERE were calls for more foreign banks to be encouraged to set up here after new figures showed mortgage lending continues to be weak. A total of 3,229 new home loans were issued by banks in the April to June period. The Irish Banking Federation said this was up 56pc compared with the first three months of […]

The worst is over for construction as crane hire firms see orders jump by 10 per cent

Posted on 20 August 2013

Unemployed builders may well be looking back in envy at their ‘Crane City’ days, when there was so much building work around Dublin that cranes dominated every aspect of the city’s skyline. However, there are signs that Crane City could be about to make a mini-comeback. Some crane hire companies have seen orders jump by […]

Only a fool would say we have hit bottom but it looks like a corner has been turned

Posted on 30 July 2013

Identifying a property bubble just before it pops is well and good but recognising one before it starts to inflate is where the real skill – and money – lies. While only a fool would say definitively that the bottom has been reached and prices are poised for a steady climb, most indications suggest that, […]

Sales top €600m in first half of year

Posted on 17 July 2013

More that 50 property investment sales with a value of €610 million have been completed in the first six months of this year. This is broadly similar to the turnover for the full 12 months in 2012, according to new research completed by Savills and Lisney. Domhnaill O’Sullivan of Savills said it was evident from […]

Big banks and regulator clash over mortgages

Posted on 8 July 2013

Major tensions have erupted between the banks and the regulator over Ireland’s mortgage crisis. Crunch talks will be held this week between the banks and the Central Bank to hammer out an agreement on how to deal with borrowers in arrears. The banks were scheduled to hit their state-prescribed targets for dealing with mortgage arrears […]

Surge in property sales despite an end to mortgage interest relief

Posted on 8 July 2013

MORE houses and apartments are set to be bought and sold this year than last year. New figures from the State’s property regulatory site suggest that this year is already ahead of last year, and is on course for more transactions over the full 12 months. The first five months of 2013 saw just under […]

Property still the main store of wealth for Irish

Posted on 23 June 2013

Despite the slump of the last five years, wealthy Irish people continue to hold over half their assets in property, a new report shows. The latest issue of Wealth Insights, published by British bank Barclays, shows that Irish high-net-worth individuals hold 55 per cent of their wealth in property and just 2 per cent of it […]

NAMA Annual Report 2012

Posted on 17 June 2013

The National Assets Management Agency (NAMA) has just released their Annual Report for 2012.  The report shows: For 2012, NAMA reports a profit after impairment, tax and dividends of €228m, which is broadly in line with the profit of €241m reported for 2011. Operating profit before impairment in 2012 was €826m. The impairment charge for […]