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Wednesday 22 March 2023 Dublin: 7°C

# Housing Market

This year
Opinion: 'Telling my child she'd missed a school place broke my heart'
Mum Margaret Lynch says she and her family are no closer to owning their home, after years of trying.
Last year
# Housing Crisis
Average Irish rent soared by 85% compared to 18% EU average between 2010 and 2022
The cost of buying has also increased more than the EU average.
Extract: 'Governments made decisions that led to your housing situation - you are not to blame'
Housing expert Dr Rory Hearne shares an extract from his new book ”Gaffs’ released this week.
# Housing
Median asking price for houses in Dublin rises to €403,000
Homebuyers in the second quarter of the year were bidding up transaction prices 6.6% above asking price
The property price report found asking prices rose 5% compared to the previous quarter.
Author of the report, Conall MacCoille said that price inflation should slow down in the second half of the year.
# Mortgages
Mortgage seekers need 'significantly' higher earnings than 10 years ago to secure financing
Median household income of first-time buyers increased from €71,000 to €77,000.
All time
# the good information project
Open Newsroom Event: Time to talk about the housing crisis
Watch our live Open Newsroom event discussing the housing crisis and how we can start to find solutions.
Dr Rory Hearne: The Government does not want you to be able to afford to buy a home
The housing expert says the investor takeover of homes is no accident – it’s Government policy.
# Housing Market
First-time buyer mortgage drawdowns at highest Q1 level since 2007 - BPFI
Figures show overall mortgage drawdowns in Q1 were at their highest since 2009.
Opinion: Every government has a choice - this one could ban cuckoo funds from buying up Irish homes
Pitting first-time buyers against cuckoo funds is a recipe for disaster, writes Cian O’Callaghan of the Social Democrats.
Opinion: Our Central Bank mortgage lending rules are vital guards against booms and busts
Vasileios Madouros of the Central Bank says the 2015 lending regulations have helped us brace against the Covid-19 shock.
# Shutdown
'It was shaping to be a very strong year': How will the coronavirus crisis impact people buying houses?
All of these indicators suggested a market that was growing, with supply remaining low relative to demand.
# property ladder
First-time buyers in Dublin are now spending an average of €375,000 for a home
Dún Laoghaire-Rathdown in Dublin had the highest average house price for first-time buyers, costing €520,000.
# Housing
Irish house prices stabilise as househunters show 'nervousness' ahead of Brexit
New CSO figures for August show that property price growth is continuing to slow.
# Housing
Irish property prices show slowest increase in six years
The latest figures from June show Irish property price growth is slowing.
# Boom to Bust
Taoiseach says there's 'no evidence of a land bubble' in Ireland
Leo Varadkar said it is something the government will keep an eye on.
# the tiger called
Like it's 2008 - Irish people set to break the €100 billion barrier in consumer spending this year
Spending will be at a greater level than the previous high-water mark in 2008, if the forecasts are to be believed.
# For Sale
Rise in house sales along commuter belts due to lack of affordable homes in Dublin
A study shows the number of house sales has increased by 8.4% in the first half of 2017.
# crowded market
Almost a quarter of renters now pay more than €1,300 a month for accommodation
The Residential Tenancies Board publishes its annual report for 2016 today.
# like hot cakes
Three-bed semis in Dublin are now selling within three weeks
Properties in the capital that were taking seven weeks to sell last year are now changing hands inside 21 days.
# hasn't helped
Help-to-buy scheme may be scrapped admits Housing Minister
Eoghan Murphy said that the possibility the help-to-buy scheme had had the opposite effect to that intended is “a concern”.
# stock horror
One city has seen a huge hike in house prices - and it isn't Dublin
The big issue at the end of 2016? Housing stock at a ten-year low.
# skyrocketing prices
Out of reach: 'Young people now have nowhere to rent in the city that they work in'
The government is set to oppose Sinn Féin’s bill on rent certainty.
Rental crisis: 'The room itself is about 4m x 8m, not much bigger than a prison cell'
If we keep going in this same direction, young people will be forced to study at universities abroad, writes Billy Vaughan.
# For Sale
Do you have to move out because your landlord is selling up? Now they'll have to prove it
The aim is to stop landlords putting properties back on the market for higher rent.
# shovel ready
This week’s vital property news: Rents on the up and house prices on the down
Everything you need to know in one quick guided tour.
# abandoned
Some of these derelict sites in Dublin have been vacant for years
Many of these buildings could help address the current housing crisis.
# Recovery
House prices have increased sharply, but "are still around fair value" (apparently)
That’s according to a new report from Goodbody.
# north of the border
Could Belfast be the answer to your property woes?
The property market in Northern Ireland’s first city is set for growth in 2015.
# movin' on down
7 of the most bizarre Irish rentals spotted online
We’ll stay where we are, but thanks.
# Housing Market
Sold: €5m worth of property and land snapped up in "intensive" Galway auction
Organisers said it displayed “continued confidence” in the Galway property market.
# risk aversion
Investor house purchases have more than trebled in a year - but why?
Investors are buying up property to feed the rental market, which is full of people who don’t want to take on too much debt.
It's true...Ireland IS affected by housing market changes more than other countries
New research shows that households in debt are only likely to reduce if if they are comparatively well-off.
# heating up
Warning over 'microwave' housing market
First time buyers are being forced out of the market and need to beware of taking on too much debt.
# bubble bubble
Half of house hunters are willing to spend up to €350k on a home
Three out of four property buyers want to buy within the next six months.
# Running the rules
Regulation controversy drives construction rates up
House building commencements are 192 per cent higher than last year.
# home buyers
NAMA drops 80:20 home buyer scheme citing improving market conditions
Under the 80:20 deferred payment initiative, buyers pay 80 per cent of the value up front with a valuation then carried out after five years.
# all mod cons
House for sale in England - with the dead owners buried in the back garden
Yes, yes, but does it have a deck area?
# Buy and Sell
Dublin property prices up 15 per cent as rest of country shows some positive signs
Although Dublin continues to outpace the rest of the county, today’s figures show that properties outside the capital are showing some early signs of turnaround.
# United States
JPMorgan agrees record $13 billion deal for mortgage misdeeds
The bank acknowledge that it had “made serious misrepresentations to the public” over residential mortgage-backed securities.
# Property Prices
Property prices rise again, that’s five months in a row now
Residential property prices at a national level, increased by 3.6 per cent in September but Dublin accounted for practically the entire increase.