| NEW PROPERTY PRICE DATABASE |
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The Minister for Justice and Law Reform, Dermot Ahern, T.D., has announced the establishment of a new property database reflecting market trends and house prices.
The Minister said statutory responsibility for publishing property sales prices would be allocated to the Property Services... |
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| PROPERTIES URGENTLY REQUIRED FOR SALE / TO LET |
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we urgently require houses in all areas throughout North County Dublin to recommend to potential buyers.
If you are considering selling your property please contact Philip Mahon MIPAV or Alan Redmond FIPAV for a no obligation sales appraisal of your property.
We have also a very... |
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| New 200 levy for the owners of non- principal private residences due 30th Sep 2009 |
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200 Property Tax
The Local Government (Charges) Act 2009 introduced a E200 levy for the owners of non- principal private residences. The charge applies mainly to owners of private rented property and holiday homes. It also applies to vacant residential property unless newly built
but... |
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| Property market close to bottoming out |
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13.08.2009
The Irish Banking Federation has said the crash in the Irish property market appears to be close to bottoming out.
The federation said the number of mortgages drawn down in the second quarter of this year was up 15% compared to the previous three... |
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| Rents have fallen by 5 per cent in the first three months of the year |
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06/05/2009
Rents across the State have fallen 5 per cent in the first three months of this year, according to report published today.
In its latest survey on the rental market, property website Daft.ie found the national average rent is now 840 per month, a drop of 160 on the... |
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| SUPPLEMENTARY BUDGET 2009 |
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Budget April 2009
The following are the principal measures in the Budget affecting theproperty industry.
INCOME TAX
Mortgage Interest Relief
Mortgage interest relief will be discontinued for any mortgage over 7 yearsfrom 1 May.
Restriction in Interest... |
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| NEW MINIMUM STANDARDS FOR RENTED ACCOMMODATION |
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February 1, 2009
A package of measure to update the minimum standards regulations for rental accommodation was approved by the government on 11th November 2008. As part of that package, new regulations to replace the 1993 minimum standards regulations came into effect on 1st February 2009... |
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| CALL FOR REVIEW ON HOME CHOICE LOAN |
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A reduction of the income limit in the new Government Home Choice scheme has been called for by the President of the Institute of Professional Auctioneers and Valuers, Alan Redmond.
Home Choice Loan provides up to 92% of the market value of a property purchased for first-time buyers who... |
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| BER CERTIFICATES REQUIRED FOR ALL SALES & LETTINGS |
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01/01/2009
The BER Certification Scheme which the Government has begun to introduce since 1st January 2007. It is now a requirement that all new and existing buildings being sold or rented on or after the 1st January 2009 must have a BER Certificate. This certificate is similar to the... |
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| PROPERTY PRICES RETREATING TO 2005 LEVELS |
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13th January 2009, Asking prices fell almost 15% over the course of 2008, according to the latest report from property website Daft.ie. The decline in prices accelerated in the latter months of 2008, with asking prices falling 5.8% in the last quarter alone. The national average asking price fell... |
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| BUDGET 2008 |
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The following are the principal features of the Budget in relation to auctioneering and estate agency:
* Mortgage Interest Relief *
The current rate of mortgage interest relief is being increased from 1 January 2009 for first-time buyers from 20% to 25% in year 1 and year 2 and to... |
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| AUCTIONEERS CALL FOR DOUBLING OF STAMP DUTY ALLOWANCE AND REDUCTION IN RATE |
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A doubling of the 125,000 Stamp Duty allowance to 250,000 for non first-time house buyers and the introduction of a single 5% rate of Stamp Duty has been called for by the Institute of Professional Auctioneers and Valuers in a pre-Budget submission to the Department of Finance.
In the... |
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| Minister insists Metro North will go ahead |
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Friday August 8, 2008
THE massive 3.7bn Metro North project in Dublin will go ahead as planned, the Government has confirmed.
Finance Minister Brian Lenihan met with the Railway Procurement Agency (RPA) late last week and instructed the agency responsible for delivering the... |
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| IT?S NOT ARMAGEDDON SAY AUCTIONEERS! |
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The President of the Institute of Professional Auctioneers & Valuers (IPAV) today called on the media and economists to stop talking down the housing market in the national interest.
North Dublin auctioneer Alan Redmond said the constant talking down of house prices was having a very... |
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| New code of practice aims to end disputes |
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SERVICE CHARGES:
A NEW CODE of practice has been introduced for applying service charges in the commercial property sector.
The non-binding recommendations should help to settle disputes between owners and occupiers of commercial property, according to the code's... |
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| Fingal says Metro North key to county's growth |
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A new strategy plan for North County Dublin shows how the Metro North region from Santry to Swords will double the area's level of economic activity, increase employment with the creation of 37,000 new jobs and increase its population to 128,000 over the next 20 years.
An Economic... |
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| Alan Redmond elected President of the Institute of Professional Auctioneers & Valuers (IPAV) |
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Mr Alan Redmond, Managing Director of Shane Redmond Group, Swords, Dublin has been elected president of the Institute of Professional Auctioneers & Valuers (IPAV) at its recent 2008 Annual Convention in the Grand Hotel, Malahide, Co Dublin
Mr Redmond has over 15 years experience in all... |
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| New VAT regime comes into effect on July 1 2008 |
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Landlords need to decide on whether to charge VAT on rents when a new VAT regime comes into effect on July 1 2008. The changes focus broadly on four areas: the sale of land and buildings, a new regime for letting of property, the introduction of a capital goods scheme and measures to address moving... |
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| Rents Stagnate as supply increases by almost 50% |
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LATEST DAFT.ie REPORT PUBLISHED
This increase in supply is more than likely a consequence of investors who had put up their properties for sale in 2007 or who had left their properties vacant up to now releasing more properties onto the rental market. These properties have pushed up... |
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| CHANGES IN STAMP DUTY ANNOUNCED IN BUDGET 2008 |
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The current Stamp Duty system applicable to residential property is being reformed.
A simplified system, incorporating an exemption of 125,000 with 2 progressive rates instead of the existing 6 rate bands, is being introduced with immediate effect.
Transactions not exceeding... |
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| ECB leaves interest rate unchanged |
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The European Central Bank kept its benchmark interest rate at 4 per cent today, in line with market expectations.
ECB President Jean-Claude Trichet signalled at the start of August that another rate increase was likely. But a sharp tightening in euro money market conditions since the ECB... |
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| Latest Daft.ie Rental Report Published |
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The latest Daft.ie rental report launched earlier this week:
On a national level, the key findings are:
The average rent nationwide now stands at 1,372, just over 100 more than this time last year. Rents have increased on average by 9% in the past year. While this is still well... |
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| Minister publishes Bill to reform Stamp Duty Rules |
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Legislation to allow for the abolition of stamp duty for first-time buyers has been published by the Minister for Finance Brian Cowen.
The Finance (Number 2) Bill 2007 - which has been approved by Cabinet - provides a stamp duty exemption for a first-time buyers of a house or an apartment... |
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| Auctioneers call on new Government to restructure Tenancies Board |
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The new Government should restructure the operations of the Private Residential Tenancies Board (PRTB) the President of the Institute of Professional Auctioneers and Valuers (IPAV) has stated.
Addressing the Annual Convention in the Marriott Druids Glen Hotel in Newtownmountkennedy, Co... |
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| DAFT.ie Quarterly Report |
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Ireland's housing market downturn is now almost nine months old. That makes its duration much longer than the blip in late-2001. At that time, more than five years ago, the market cooled for less than six months. In contrast, this slowdown may continue for the rest of the year at least. ... |
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| Possible changes in Stamp Duty before Election |
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Fianna Fail is likely to announce reform of stamp duty in the coming weeks, pledging to introduce legislation before the new Dail adjourns for the summer, if the party is reelected to government.
Any moves will be targeted at first time buyers, though it is hoped that the measure will end... |
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| Rents rise as markets softens! |
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The latest analysis of the rental market contained in this edition of the Daft Report shows rental values continuing to increase steadily right across the country, with the annual rate of growth reaching 10.5 per cent in February 2007 the fastest growth rate since the index started tracking rents... |
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| Hundreds of Euro being wasted on Home Ins |
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Homeowners are wasting hundreds of euro on the wrong insurance for their property, it was revealed today.
Following a survey of the market, the Financial Regulator warned most people either over-insure or under-insure their homes. They could be saving 320 a year by reading the small... |
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| 2006 House Prices up 2.5% on 2005 |
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The 2006 year-end edition of the permanent tsb House Price Index - compiled in association with the ESRI - reveals that house prices nationally grew by 11.8% during 2006. This compares to annual growth of 9.3% in 2005.
The index reveals that the rate of house price growth moderated... |
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| IAVI Predicts 5% Property Growth |
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Property prices in the State should grow by around 4 to 5 per cent this year, according to the body representing estate agents.
In its annual property survey for 2006, the Irish Auctioneers and Valuers Institute (IAVI) said last year's property market "continued to confound the... |
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| Record number of new house completions in '06 |
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Minister Noel Ahern announces record house completions
· Over 93,000 housing units delivered in 2006
· Double the number of housing delivered in 1999
Mr. Noel Ahern, T.D., Minister for Housing and Urban Renewal, announced today (19tJan. 07) the total number of houses and... |
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| Budget 2007 |
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The Minister for Finance Brian Cowen has left stamp duty rates unchanged but increased mortgage interest relief for first-time buyers from 8,000 to 16,000. The Minister for Finance said any stamp duty cut would - more likely than not - be incorporated into the sale price and end up in the pocket... |
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| Estate Agents...not the problem! |
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Its not every day that a professional organisation recommends its own demise. Yet that is exactly what the Irish Auctioneers & Valuers Institute (IAVI) did in 1931, when it had a private members bill sponsored in the Oireachtas.
That bill provided for mandatory education and... |
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| Shane Redmond Residential to sponsor Tidy Towns Competition |
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Shane Redmond Residential is delighted to be the main sponsor of Swords Tidy Towns "Best Kept District Competition"
Speaking at the launch of Swords Tity Towns entry into the National Tidy Towns Competition and this local competition in Wrights Cafe Bar, Swords, Managing Director, Alan... |
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| Metro Coming to Swords! |
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41,000 cars a day removed from Dublin's streets, a Metro every 90 seconds, the City Centre to the Airport in 17 minutes and the City Centre to Swords in 26 minutes are among the benefits of Metro North, a key project in the Government's Transport 21 plan.
Transport Minister, Martin... |
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| FROM ONE WINNING TEAM TO ANOTHER |
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Shane Redmond Residential are delighted to sponsor St.Sylvester's Under 15 Football Team.
Pictured recently at the presentation of new jerseys and tracksuits in their Malahide clubhouse is Alan Redmond, Managing Director, Shane Redmond Residential with Mr Cathal Goan, Chairman of St... |
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| BER ENERGY RATING CERTIFICATES |
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Since 1st January 2009 all properties offered for sale or to let must have a Building Energy Rating Certificate (BER Cert) with Advisory Report.
WHAT IS A BER?
A Building Energy Rating or BER is similar to the energy label on your fridge with a scale of A-G. A-rated homes are the... |
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