URBAN HOUSE PRICES GLOBALLY RISE AT THEIR FASTEST RATE FOR TWO YEARS

The latest edition of Knight Frank’s Global Residential Cities Index, which examines mainstream residential prices on a city rather than on a country basis, has shown that price growth in Dublin’s residential property market weakened in Q2 2016. Prices in Dublin increased by 2.5% in the year to Q2 2016, down from 3.9% in the Read more about URBAN HOUSE PRICES GLOBALLY RISE AT THEIR FASTEST RATE FOR TWO YEARS[…]

Mortgage rules, lending cyclicality and the housing market

Yesterday’s data release by the Irish Banking and Payments Federation showed that lending increased dramatically in August when compared with the same period last year. This has been interpreted in some quarters as an indication that mortgage lending is growing robustly, despite the lending rules introduced by the Central Bank in early 2015. This view Read more about Mortgage rules, lending cyclicality and the housing market[…]

Central Bank Rules to Reduce Housing Supply by 5% in the next 3-4 Years

Yesterday’s special article by the ESRI entitled ‘An Empirical Assessment of the Macroprudential Measures in the Irish Housing and Credit Market’ has confirmed the adverse impact the Central Bank’s lending rules will continue to have over the coming years unless they are re-calibrated to better reflect market realities. The ESRI’s analysis shows that the impact Read more about Central Bank Rules to Reduce Housing Supply by 5% in the next 3-4 Years[…]

€43.7 billion invested in the European commercial property market in Q2 2016

  A total of €43.7 billion was invested in the European commercial property market in Q2 2016 according to the latest Knight Frank European Quarterly Commercial Outlook Report. The value of transactions in the first half of the year now stands at €81.1 billion. This represents a 25% decrease in comparison to the first half Read more about €43.7 billion invested in the European commercial property market in Q2 2016[…]

The Average National Rent Exceeds its Peak for the First Time since 2008

According to the latest rental report from Daft.ie, rents increased on a national basis by 3.9% in Q2 2016. This represents one of the largest quarterly increases since the series began in 2007 and as a result the average national rent has, for the first time, exceeded its 2008 peak by 0.8% to stand at Read more about The Average National Rent Exceeds its Peak for the First Time since 2008[…]

Prime Property Market in Dublin continues to transact well, as Post Brexit enquiries increase

  The latest edition of Knight Frank’s Prime Global Cities Index has shown that the price of prime residential property in Dublin increased by 0.5% in Q2, making it the fastest growing in city in Europe over the period. This represents the third consecutive quarterly increase in the price of prime property in Dublin, defined Read more about Prime Property Market in Dublin continues to transact well, as Post Brexit enquiries increase[…]

Strong rebound in EastPoint with vacancy now just 3%

EastPoint is located on 40 acres of land reclaimed by Dublin Port during the 1960’s and ‘70’s. Developed on a building by building basis, it has grown into a landscaped office park consisting of 37 buildings housing 7,000 workers. Originally earmarked as a site for a city airport, its heritage as an office campus can Read more about Strong rebound in EastPoint with vacancy now just 3%[…]

Property Prices up by 6.6% Annually in June 2016

The CSO’s Residential Property Price Index has shown that the price of residential property remained effectively flat, decreasing by 0.1%, on a national basis during June 2016. On an annual basis, prices nationally are now 6.6% higher. In terms of Dublin, prices decreased by 0.7% during June 2016. In comparison to a year earlier, prices have increased Read more about Property Prices up by 6.6% Annually in June 2016[…]

Knight Frank Welcomes the Action Plan for Housing & Homelessness

The Government has launched its action plan for housing and homelessness, which it promised to introduce within 100 days of the formation of the current government. Entitled Rebuilding Ireland, the plan is built on five pillars: Addressing homelessness Accelerating social housing Building more homes Improving the rental sector Utilising existing housing In terms of social Read more about Knight Frank Welcomes the Action Plan for Housing & Homelessness[…]

Census 2016: Research by Knight Frank shows an immediate need for 25,000 houses in Dublin to alleviate the housing crisis

According to Census 2016, the population of the State increased by 3.7% during the last five years and now stands at approximately 4,750,000. More significantly, the population of Dublin increased considerably to approximately 1,345,000, an increase of 5.7%. According to Knight Frank, the results will have profound implications for the housing market as the demand Read more about Census 2016: Research by Knight Frank shows an immediate need for 25,000 houses in Dublin to alleviate the housing crisis[…]