Tag Archives: dublin
Property prices in Ireland recovering well with 15% year on year growth
Residential property prices in Ireland increased by 15% in the 12 months to September, up slightly year on year from the previous month. The data from the Central Statistics office shows this compared with a 14.9% annual rise in August and is much higher than the year on year rise of 3.6% recorded in the 12 months to September 2013. On a monthly basis residential property prices rose by 1.8% in September, down slightly from the increase of 2.3% recorded in August and the same as the increase of 1.8% recorded in September of last year. A breakdown of the figures show that in Dublin residential property prices grew by 2.5% in September and were 23.4% higher than a year ago. Dublin house prices rose by 2.4% in the month and were 22.6% higher compared to a year earlier while Dublin apartment prices were 35.2% higher when compared with the same month of 2013. However, the ONS said that it should be noted that the sub-indices for apartments are based on low volumes of observed transactions and consequently suffer from greater volatility than other series. The price of residential properties in the rest of Ireland rose by 1.1% in September compared with a decrease of 0.1% in September of last year. Prices were 7.0% higher than in September 2013. The latest figures mean that house prices in Dublin are 37.7% lower than at their highest level in early 2007 while apartments in Dublin are 44.2% lower than they were in February 2007 at their peak. Overall residential property prices in Dublin are 39.6% lower than at their highest level in February 2007. The price of residential properties in the rest of Ireland is 44% lower than their highest level in September 2007 and overall, the national index is 39.9% lower than its highest level in 2007. Continue reading
Skala Hotell, Harbour
http://www.youtube.com/v/mo9gr5aUcao?version=3&f=videos&app=youtube_gdata Taylor Scott International
€603m Invested In First Six Months In Overseas Frenzy
Findlater House, O’Connell Street, Dublin, was sold for €6.1m An extraordinary six-month Irish asset-feeding frenzy by overseas firms has meant that there have been 34 investment transactions of more than €1m each completed here since January compared with a total of 35 for all of 2012. The report also highlights a trickle-down effect in the ongoing investment drive. It asserts that the number of prime property investments on offer has now reduced to the level that buyers eager to cash in on perceived Irish value are now moving down the value chain to look at secondary level opportunities. But investments are spread unevenly with 40pc of the money spent since January going into offices, the strongest commercial sector by far compared to 20pc for mixed investments, just 14pc for a still sluggish retail sector and a measly 1pc for industrial property. It also added that autumn looked like becoming “particularly busy” as investors scramble to avail of the capital gains tax waiver that runs out on December 31. Continue reading
