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Purchasing now proving as cheap as renting

Posted on 4 June 2013

Something unusual happened on Thursday, May 23. The Central Bank released a report entitled: ‘Economic Letter – Vol. 2013, No 2. Do households with debt problems spend less?’ Now that of itself is not unusual. What is atypical however is that the report appears to have gone largely unreported. On the day the Governor of […]

Warning for owners over household charge

Posted on 4 June 2013

The Government has warned some 280,000 property owners who have yet to pay the household charge that their liability will jump to €200 from €145 if they do not pay by the end of this month. This €55 increase in the late payment penalty comes on foot of moves to add any outstanding household charge […]

Agricultural land prices rise by 10pc

Posted on 30 May 2013

  Agricultural land prices rose by 10pc to an average national price of €11,511 per acre in the first four months of this year. These are among the findings in a survey by estate agents Ganly Walters. The price compares to an average price of €10,586 per acre achieved over the 12 months of 2012. […]

Over 90pc of title deeds now online

Posted on 30 May 2013

Digitisation of the Land Register has seen the Property Registration Authority (PRA) increase the number of title deeds on the system to 90pc and as much as 94pc of the country’s land mass is now accessible online. This far exceeds the proportion of registered land in England, Scotland,Wales and Northern Ireland Consequently Ireland’s digitised Land Register, with […]

Almost 95,000 mortgage holders are in arrears

Posted on 23 May 2013

ALMOST 95,000 MORTGAGES were in arrears for more than 90 days in December 2012, according to the latest financial review from the Irish Central Bank. This represents 11.9 per cent of the total stock of loans for primary dwellings in arrears, compared with 11.5 per cent in September last year. Some 27 per cent of buy-to-let loans […]

Property Coup by Smart Investor !

Posted on 16 May 2013

Emigrant flies home to snap up landmark beach pub for €755,000 AN EMIGRANT has returned from Australia to purchase a well-known pub in a popular seaside haunt his family visited when he was a child. The pub – McDaniels in Brittas Bay, Co Wicklow – was just one of a number of commercial properties, including […]

Why property values should comply with international standards

Posted on 13 May 2013

THE ISSUE of property valuation standards was raised in in last week’s commercial property section. In a response, Rory Lavelle, a registered valuer and member of the Society of Chartered Surveyors Ireland (SCSI), explains the importance of regulation and the profession’s Red Book in producing valuations in accordance with standards which are acceptable to international financial institutions […]

Current Rates of Duty on Residential Property

Posted on 13 May 2013

For most people purchasing a home can be a stressful and expensive excercise. When it comes to stamp duty the majority of people either forget to factor this added expense in to their budget or are unsure about the exact circumstances in which stamp duty can apply. This simple rule applies; when purchasing a new […]

New housing figures for January jump

Posted on 10 May 2013

CONSTRUCTION of new houses jumped more than a half in January compared with the same month last year. The figures give a boost to a sector that has suffered a fall in residential production by at least one-fifth every year since 2007. Dun Laoghaire Rathdown, Fingal, Galway county, Carlow, Meath and Wicklow had the most […]

Local Property Tax (LPT)

Posted on 9 May 2013

As LPT is a self-assessed tax, you are obliged to determine the market value of any property for which you are the liable person. The market value of your property on 1 May 2013 will form the basis of the calculation of the tax for 2013, 2014, 2015 and 2016 and will not be affected […]