News

 

Buyers Broker in Finfacts
Aug 2009

The Irish Examiner reports that the number of cash transactions involving Irish property
deals has risen sharply in the past year.


Click here to read the full article

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Buyers Broker in The Examiner
11/08/2009

Cash deals for property rise sharply

Click here to read the full article

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Buyers Broker in Businessworld.ie
10/08/2009

15% of houses bought for cash

Click here to read the full article

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Buyers Broker Ltd. in Build.ie
06/04/2009

Buyers Broker Ltd. Urges Caution for Inexperienced Buyers

Click here to read the full article on www.build.ie

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Spring 2009 - Newsletter
15/04/09

Contents:
Market Update
First Time Buyers
Mortgage Matters
Thinking of Trading Up?
Overseas Properties
Investors: Benefit from confusion
Commercial Property
Buyers Broker Ltd. News

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Budget 2009
7/04/09

For information on Budget 2009 and how it affects you.

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25% Larger Apartment Sizes
3/12/07

New regulations by Dublin City Council to increase the size of apartments by at least 25% have been passed. They were brought about in the hope of reducing urban decline in inner city areas. With land prices at premium prices, apartments were becoming increasingly smaller to make development worth while. However this means that as people start families they have to leave exisiting neighbourhoods for the suburbs in search of larger accomodation. Infrastructure such as schools, transportation, shops and roads are already well developed in these existing neighbourhoods and in some cases, like Balbriggan, are now in decline as they are not in use any longer.

The new regulations recommended by a team of architects stipulate that apartments in the city should be at least 85 sq.m and dual aspect where possible, they will have minimum standards for ceiling height, storage spaces and play areas. They further insisted that in order for this to be viable the council will have to allow higher buildings in some areas of the city such as Heuston Station, the Docklands Area, Liberties & Tara Street. Builders claim that these regulations will make apartments in the city more expensive.

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House Prices drop by 4.7% in 12 Months
23/11/07

Results from the latest Permenant tsb/ESRI House Price Index have confirmed a downturn in house prices. Average national houses have declined by 1.3% in October of compared with a decline of 0.3% in September. Over a period of the last 12 months - October 2006 to October 2007 - the decline is calculated at 4.7%.

The average price paid for a house in Ireland in October now stands at EUR 295,469, compared with EUR 309,963 in October last year. The most notable decline was seen in the Dublin comuter belt areas such as Louth, Meath, Kildare & Wicklow which are down by 5.5% for the year. Contrary to popular belief that the country areas have suffered a significantly larger decline the figures for Dublin & the rest of the country are relatively close with the later declining by 4.9% over the previous 12 months to the end of November compared with 4.8% in Dublin.

Niall O'Grady, Head of Marketing at Permenant TSB said that there was little surprise in the recent figures, consumers are weary and cautious in the face of recent events. This downturn in property prices has caused a risein the rental market as more people deferr their decision to purchase.

Further information and the entire Permenant TSB/ESRI House Price Index report

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New Property Management Laws
15/11/07

Speaking at the official opening of the soon to be headquarters of the Property Services Regulatory Authority in Navan, Minister for Justice, Brian Lenihan said that new laws governing property services are a priority for him. This is good news for property buyers and sellers alike as it guarantees them accountability from their service providers.

He inisisted that recommendations contained in a study by the Law Reform Commission would be implemented sooner rather than later. He also announced a voluntary code of practice for thoes involved in the property service industry. The bill is expected to be passed next year, giving the Property Services Regulatory Authority real power in this area.

 

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