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Tuesday 7 February 2023 Dublin: 9°C

# Property

Last week
29th January 2023 - 4th February 2023
# Housing Crisis
Almost one in 20 dwellings in Ireland were vacant in last three months of 2021
Leitrim was the Local Authority with the highest vacancy rate at 10.6% in Q4 2021, while South Dublin had the lowest at 1.%.
Last month
January 2023
# Resignation
Fine Gael TD Damien English resigns as junior minister after reports about property ownership
English confirmed that he failed to inform Meath County Council about ownership of a house in Castlemartin.
# Daft.ie
'Cool off' in housing demand predicted as prices fall in final quarter of 2022
The average listed price nationwide in the final quarter stood at €309,941, which represents a 0.4% fall from the previous quarter.
Last year
2022
THE MORNING LEAD
Dublin property price ceilings under First Home Scheme to increase to €475,000
A report by
Christina Finn
Maximum property price ceilings are to increase from 1 January.
Maximum property price ceilings under the First Home Scheme for every county are to increase on 1 January, Political Correspondent Christina Finn reports.
Price caps for Dublin City; Cork City; Dún Laoghaire-Rathdown, Fingal, and South Dublin are to increase from €450,000 to €475,000.
Since its launch in July, 2,400 people have registered under the scheme.
Rory Hearne: The housing game is rigged and it's time we called it out
Housing minister welcomes mortgage rule change but concerns raised about house price increases
Voices
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.
# factfind
FactFind: How many current TDs own houses that they rent out?
Some TDs who had residential tenants let did not declare the rental income
There are 160 TDs in the Dáil - but it isn't entirely straightforward to find out which of them also derive an income from renting houses.
An analysis by The Journal sought to find out, using the Dáil register of interests and by contacting individual TDs.
# Robert Troy
Robert Troy says he didn't do his 'due diligence' on members' interests returns
‘I can only admit I got it wrong, I’m embarrassed at how wrong I got it,’ Troy said.
# Robert Troy
Taoiseach: Robert Troy's errors in declaring interests a ‘misunderstanding’
Junior Minister Robert Troy has been forced to correct the Dáil’s register of declarations of interest after he failed to include properties.
# SIPO
FF junior minister Robert Troy amends his register of interests after undeclared property sale
In declarations for 2018 and 2020 respectively, he has added the sale of two properties.
# Housing Crisis
Daft report highlights largest quarterly gain in housing prices in nearly two years
The average listed price nationwide is up almost 10% on the same period last year.
# 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 MyHome.ie/Davy 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.
# shocking
House price growth reaches seven year high at over 15%
Residential property prices hit a fresh seven-year high of 15.2% in March, according to new CSO figures.
# Housing
Home prices rise by almost 15% around the country in the space of a year
The median price nationally of a home bought in the 12 months up to January this year was €280,000.
# House Prices
House prices across Ireland are almost 10% higher than they were a year ago
Analysis by Davy and Myhome.ie shows that house prices are now seven times average incomes.
All time
# local property tax
Revenue extends hours for Local Property Tax helpline ahead of deadline this weekend
The agency received over 12,000 calls daily this week.
# Vulture funds
Almost 40,000 people sign petition demanding government takes more action against vulture funds
The petition includes demands such as the scrapping of investor tax breaks.
# rental crisis
Explainer: Berlin has voted to forcibly buy homes from property giants, what happens next?
The referendum supports the expropriation of homes from property companies to the city.
# housing for all
Sites in Dublin, Cork and Limerick included in 'largest ever transfer of State land'
The Land Development Agency will take ownership of State land capable of delivering 10,000 to 15,000 additional homes.
# empty homes
Vacant property tax to be introduced next year in a bid to get empty homes back on the market
Varadkar said it “might be possible” to collect the tax next year.
# Property prices rise
Property prices rise almost 7% in a single year, CSO figures show
Mortgage experts have warned that ‘property prices are really only going one way for the foreseeable future’.
# Housing
Daft agrees to develop processes to remove ads that exclude rent allowance tenants
The company came to an agreement with the Irish Human Rights and Equality Commission on foot of a 2016 complaint.
# Daft Report
Properties by the coast in Ireland now cost 23% more than before Covid-19 pandemic
This compares to a national average increase of just 8.7% in the same period.
# Dublin
Council to take €250,000 loss on Dublin property it bought just four years ago
Though commercial property prices have generally risen since then, the council says the condition of the property has deteriorated.
# LPT
Here are the new Local Property Tax bands
Most of those who face an increase in the tax will pay an extra €90 per year, Finance Minister Paschal Donohoe said.
# Data Breach
Personal data of MyHome.ie customers 'inadvertently' leaked online
The Data Protection Commissioner has been notified.
# property ladder
'Relationship status should not define your ability to own a home, but it does'
Single people say trying to buy a home is even more difficult for them than for couples – and that’s saying something.
As difficult as buying a home can be for couples, single people face an even bigger challenge
Some people are 'priced out of 95% of houses in Dublin'
'The rampant greed of the Celtic Tiger cast a long and depressing shadow,' one buyer said
Some houses selling for €120,000 above asking price as virtual viewings become the norm during pandemic
# bidding wars
Some houses selling for €120,000 above asking price as virtual viewings become the norm during pandemic
Home-buyers have raised concerns about the impact the Covid-19 pandemic is having on house prices.
# Mortgages
Significant decline in buy-to-lets as Covid-19 continues to impact housing market
Buy-to-let investors now account for less than 1% of mortgages, compared to 20% in 2006, according to new figures.
# Property
Rents in Dublin are falling - but rising everywhere else
The supply of rental properties in Dublin is far higher this February than in February 2020.
# Property
Buying or renting? Viewings now only allowed in person 'when contracts are being drawn up'
The new guidance was issued by the Department of Housing last night.
# Housing
Average listed price of a home in Ireland was €269k this quarter - a rise of 7.4% on last year
The 7.4% year-on-year rise is the the largest such increase in three years.
# property ladder
Over 5,200 mortgages approved in October, with surge driven by first-time buyers
October was the busiest month for mortgage approvals since BPFI began collecting this data in 2011.
# Housing
Average asking price for newly listed homes is €280k nationally and €383k in Dublin
Asking price inflation rose by 1.2% nationally compared with Q2 of 2019, despite the impact of Covid-19.
# Daft Report
The average sale price of a home in Ireland was €254,000 last month - a fall of 3.3% on last year
The year-on-year change reflects a volatile market according to the latest housing report from Daft.ie.
# fora
'It was like flicking a switch': How Covid-19 has hit the property scene
Agents are turning to virtual viewings as social distancing hits the market.
# Beyond the pale
From Wicklow to Westmeath: Spike in house sales in 'commuter belt' counties continues
The number of sales in Dublin dropped, according to a new study.
# property ladder
First-time buyers made up most of the 12,000 mortgages drawn down in last quarter of 2019
The 12,259 mortgages are valued at €2.7 billion.
# off the rails
People living near Dart or Luas stops are paying over €4,000 a year more than average Dublin rent
That’s according to new research from Daft.ie.
# Housing
Owners of vacant properties urged to make them available for homeless people ahead of Christmas
“Bringing a vacant home back into use can change people’s lives for the better.”