The number of residential property transactions increased by almost 19% to 44,110 in the 12 months to October 2021, according to the latest Residential Buildings Report published by GeoDirectory and EY. It reveals that over 16% of all property transactions were for newly built homes, which was down compared to the previous year. The average…
Tag Archives: property industry
Asking prices for property rose by almost 10% in 2021, according to an analysis by the property listings website, myhome.ie. Asking price inflation came in at 7.4% in the capital, but at 10.6% elsewhere around the country. Quarterly prices also rose by 1.3% nationally in the final three months of the year with Dublin asking…
Property prices in October rose by 13.5% on an annual basis to mark the fastest annual pace of growth in over six years, according to the latest figures from the Central Statistics Office. This is an increase on the 12.5% rate recorded in September. Today’s figures show that prices in Dublin rose by 12.3% while…
Over 40% of first time buyers used gifts as part of their deposit in the first half of this year, according to new figures from Banking and Payments Federation Ireland (BPFI). The latest housing market monitor shows that the median deposit for first time buyers was over €52,000 during that period. Meanwhile, the median deposit…
The Irish League of Credit Unions is calling on the Government to make changes that would allow the sector to finance social housing and a National Retrofitting Plan for up to half a million older homes. It is among a number of proposals being put forward by the league, which represents 226 member credit unions across the…
The Government will consider extending a rent freeze and moratorium on evictions which was introduced as an emergency measure at the start of the Covid 19 crisis. The measures were due to expire on July 20th, but the Minister for Housing, Darragh O’Brien, has told the Dail he will write to the Minister for Health,…
House sale prices fell by an average of 3.3% in the year to June, according to the latest Daft.ie Housing Market Report. Daft.ie’s new monthly report looks at the health of both the sale and rental markets, with figures showing a 0.2% rise in rents nationwide in the year to June this year. The report reveals…
The number of new mortgage approvals in May was nearly 62% lower than the same month last year. According to the Banking and Payments Federation Ireland, the decrease was not unexpected given the scale of the lockdown and physical restrictions due to Covid-19. In total 1,879 new mortgages were approved by lenders here in May…
The number of property transactions slowed dramatically in April, according to the latest figures from the Central Statistics Office. House prices also fell last month but are marginally ahead of where they were a year ago, the CSO figures show. The CSO’s Residential Property Price Index shows that house prices nationally were 0.5% higher in…
The combination of Brexit uncertainty in late 2019 and the COVID-19 strict lockdown restrictions in early 2020 have harmed the property industry. Prices have continued to nosedive from February. The implementation of COVID -19 lockdown regulations saw a gradual drop in economic activity with associated job losses. As a result of this, the residential property…
