Daft.ie Rental Report Q3 2012
Wednesday, 5th December 2012
The average rent in Dublin has increased by 2.8% since the same period last year and the number of rental properties available in the capital is down 70% from the peak in 2009, according to the latest report published by Ireland's biggest property website, Daft.ie. The average rent nationwide is now 820, which is 0.8% higher than a year previously.
The performance of rents in the other major cities varied, with Galway experiencing a 2.2% rise over the last twelve months, Cork remaining largely stable (-0.4%) and Limerick and Waterford experiencing 2.2% and 4.0% falls respectively. Rents outside the main cities rose 1% in the third quarter of 2012 but remain 1.5% lower than a year previously.
Waterford Rents
Rents in Munster fell by 1.6% in the year to October 2012, compared to a fall of 2.7% a year previously. In Waterford city,
Simon Communities warn budget
Wednesday, 5th December 2012
Simon Communities warn budget must not push people over the edge
Simon, the national charity for people who are homeless today (3rd December 2012) have launched their pre budget submission urging the Government not to make any further cuts to homeless services across the country. The Simon Communities work with up to 5,000 people who are homeless and those who are at risk every year and is seeing an increase in the number of people turning to their services for support in recent times.
Fiona Lewis CEO of South East Simon Community said "Simon works with some of the most vulnerable people in our society, many of whom are dependent on Social Welfare payments. Access to housing, social welfare and to critical support services are essential to prevent people from becoming homeless and to support people to move out of homelessness.
"Cuts to
Expert View
Wednesday, 28th November 2012
John Smiles,
Qualified Financial Advisor
Adelphi Financial Brokers
What is the most important rule of investing?
The one golden rule of investing that you should always follow is "Never invest money you cannot afford to lose".
Investing is not saving. Saving is money you put aside that is kept in cash or other short term financial instruments that you can access in a few days or less for emergency needs. In contrast, investing is the process of putting your money to work making even more money for you. If you always remember this rule and never break it, you shouldn't have to worry about poverty during your retirement. But there is a natural human tendency to want to overreach, to put more money in than you can afford, and go for a huge pay-out.
In fact, this trait tends to be magnified the more desperate someone
Take shelter from the storm - FBD farm insurance team
Wednesday, 28th November 2012
"Superstorm Sandy" on America's east coast reminded us, once again, of the power of nature and its ability to cause damage to buildings, roads and ultimately cost to human life.
While Ireland is fortunate to generally avoid such climate extremes, we do however have a responsibility to prepare for gale force winds and snow storms that expose any weakness in our defences.
For property owners - and farmers in particular - now is a good time of year to check all buildings for loose sheets, rotten timbers etc and carry out general maintenance. A line that we were all taught as children – "a stitch in time saves nine" – is indeed accurate.
High winds can easily rip a loose sheet from a roof and the whole roof can be destroyed in a matter of minutes. Subsequent injury or loss of livestock can
Property Registration Authority lecture
Wednesday, 28th November 2012
Property Registration Authority lecture on modern system of property registration
Ms Liz Pope, Examiner of Titles at the Property Registration Authority, recently delivered a lecture to Land Law students studying on the BA (Hons) in Law and BA in Legal Studies at Waterford Institute of Technology (WIT). Ms. Pope spoke about the modern system of registration of property in Ireland. The registration of legal interests has been the subject to critical legislative changes in recent years and Ms Pope's guest lecture provided students with an invaluable insight to the day – to - day role of the Examiner of Title to land which is an integral part of conveyancing and land registration transactions.
The BA (Hons) in Law is a three year law programme which aims to provide a broad legal education that
Launch of Hasbro Giving Tree @ Georges Court
Wednesday, 28th November 2012
The Mayor of Waterford, Cllr. Jim D'Arcy, launched the Hasbro Giving Tree this week at Georges Court Shopping Centre in Waterford city centre. The Giving Tree has become a wonderful example of local businesses and the community working together to help others at this time of year.
Hasbro has been a major employer in Waterford since 1977 and currently employs over 230 people. With over 250,000 sq ft of manufacturing space, the production processes range from plastic injection moulding, thermoforming, printing, board and paper conversion processes, box-making and high-speed assembly. Product is shipped from Waterford to all major European markets and Hasbro Ireland is the biggest manufacturer of games in Europe.
Hasbro is helping to build a safe and sustainable world for future generations and to positively impact the
Current Tenant Purchase Scheme
Wednesday, 28th November 2012
Closing date for Current Tenant Purchase Scheme 31st December 2012
The closing date for the current Tenant Purchase Scheme has been highlighted by Cllr. Jack Walsh, The Labour Party. "The closing date for City Council tenants to purchase their homes under the present scheme is 31st December next" Cllr. Walsh stated. Completed applications must be with Waterford City Council on or before that date to be considered.
"Factors which may make the present scheme atttractive include discounts based on the length of time tenants are renting from City Council, low market values of houses at present and changes in household income that have occured over time" Cllr. Walsh said.
The price of the house will be its market value, as determined by Waterford City Council, less certain discounts. Tenants are allowed discount of 3% for each year of their tenancy, up to a
Expert View
Tuesday, 20th November 2012
John Smiles,
Qualified Financial Advisor
Adelphi Financial Brokers
What is non-disclosure?
When a person proposes (applies) for an insurance policy, the Insurance company needs to get certain information from the consumer to decide whether to offer (and renew) the insurance and to decide the price or other terms of the insurance to be offered to the consumer.
Contracts of insurance are fiduciary contracts - they involve a promise. This means they are contracts "uberrimae fidea" - contracts of the utmost good faith.
The law imposes a duty of disclosure on policyholders when they seek to take out new insurance cover or to renew existing insurance cover. The reason the rule obliges one party to disclose is to prevent fraud and encourage good faith. One party knows all of the facts (the proposer) and the other needs to know all the facts (the insurer).
Non-disclosure occurs when one
Full Mortgage Interest Relief on buy-to-lets
Tuesday, 20th November 2012
500 Landlords call for return of full Mortgage Interest Relief on buy-to-lets
At an information meeting of members of the Irish Property Owners Association in Dublin last night, attended by over 500 property owners, concern was expressed about the manner in which they are being taxed and regulated, and the lack of understanding from their bankers.
Suggesting that landlords would have to make major changes in letting practices to survive, the Chairman of the Association, Stephen Faughnan, demanded the return of full Mortgage Interest Relief on property for rent, a move that would reduce the huge burdens being faced by landlords in Ireland. "With lending compliance, taxation, and not treating the private rental sector as a business, many landlords have been put into serious financial difficulty at a time when demand for rental property is increasing," he said. "Mortgage Interest Relief is
Property Market improving
Tuesday, 20th November 2012
Real Estate Alliance AGM reflect on 2012 and focuses on what is required for the next steps for the Property Market
Real Estate Alliance held their AGM in the International Hotel in Killarney, on Friday, 9th November. Clear indications on how the market is improving and the difficulties with the bank's criteria for lending were key items on the agenda as the group looked at what the year ahead may bring for the property sector. The appointment of Harry Sothern, Director of REA Sothern in Carlow as Chairman of the national property group and Barry McDonald of REA McDonald of Lucan as Vice-Chairperson were also ratified by the group.
Real Estate Alliance members met after one of their best years since 2008 and found many reasons to be positive. There was 100% attendance by
Letters to the Editor
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Google AlertWhen a company which has it's European Headquarters here in Ireland is called 'evil' and 'immoral' by M.P.s in The House of Commons you tend to sit up and take notice. The particular company that was being referred to was Google and the reason it had enraged M.P.s in London was because even though it has a big operation there and conducts a lot of business there it pays no corporate tax. It does this by having all of its financial transactions finished here in Ireland. And the company here is …
