Increase in stamp duty on commercial property transactions will result in a slowdown in commercial investment activity – Budget 2018

Knight Frank believes that the increase in stamp duty on commercial property transactions from 2% to 6% will result in a slowdown in commercial investment activity. While this increase was perhaps inevitable given that the rate had stood at 9% during the peak, a gradual increase would have been more prudent. When valuing a commercial Read more about Increase in stamp duty on commercial property transactions will result in a slowdown in commercial investment activity – Budget 2018[…]

Axing HTB scheme is fraught with risk

With Budget 2018 just under four weeks away, the Government’s decision date whether to keep or scrap the Help-to-Buy (HTB) scheme looms closer every passing day. Prompted by a cabinet reshuffle, a review of the scheme was initiated following concerns that the HTB scheme is behind the re-acceleration in the growth of residential property prices Read more about Axing HTB scheme is fraught with risk[…]

Office refurbishment and/or expansion opportunity, Dublin 2

On the instructions of Duff & Phelps Real Estate Advisory Group, Knight Frank has been appointed to offer Block D, Charlemont Exchange, Charlemont Street, Dublin 2 for sale with vacant possession and subject to an antenna licence. In a market that is currently seeking office refurbishment and / or development opportunities, the sale of Block Read more about Office refurbishment and/or expansion opportunity, Dublin 2[…]

Largest monthly increase in residential prices in Dublin in nearly three years, while global growth also picks up

According to the CSO’s latest Residential Property Price Index, prices in Dublin increased by 3.0% on a monthly basis in May 2017 – the largest monthly increase in nearly three years. As a result, prices in Dublin are now 11.2% higher on an annual basis. Meanwhile, the latest research by Knight Frank has shown that Read more about Largest monthly increase in residential prices in Dublin in nearly three years, while global growth also picks up[…]

Census 2016 paints a picture of the dysfunctionality of Ireland’s housing market

Dublin, Ireland – A picture of dysfunctionality of Ireland’s housing market has been painted by today’s 2016 Census release ‘Housing in Ireland’. The results show that Ireland fails at housing: we fail to build enough housing, we fail to build housing where it is most needed and we fail to build housing of the type Read more about Census 2016 paints a picture of the dysfunctionality of Ireland’s housing market[…]

€469 million was invested in the Irish commercial property market in Q1 2017

According to Knight Frank’s Investment_Insight_Q1 2017 , €469 million worth of investment transactions changed hands during Q1, representing a decline of almost 36% in comparison to the same period last year. Despite this, the figure represents a healthy start to the year given that Q1 is traditionally the quietest quarter of the year, and puts the investment market Read more about €469 million was invested in the Irish commercial property market in Q1 2017[…]

Census 2016: Average Household Size in Ireland Increases to 2.75

The increase in the average household size in Ireland is the latest damning evidence of the extent of Ireland’s housing crisis. Contained within the first detailed results of the 2016 Census – released yesterday – the data shows that the average household size in Ireland increased from 2.73 to 2.75 between 2011 and 2016. The Read more about Census 2016: Average Household Size in Ireland Increases to 2.75[…]

Existing schemes currently cater for only 13% of the student population

Dublin’s growing student population and the current under-supply of beds are attracting the world’s leading global investors with 7,181 bed spaces now in the pipeline according to Knight Frank’s Student Housing Report 2017. The number of full-time students in Dublin has increased by 34% over the past 10 years, accounting for 43% of Ireland’s student Read more about Existing schemes currently cater for only 13% of the student population[…]

Global house prices increase by 6% in 2016, the highest annual rate since the first quarter of 2014.

In the latest edition of Knight Frank’s Global House Price Index, which monitors and compares the performance of 55 mainstream residential markets around the world, Ireland has slipped down the global rankings from 12th at year-end 2015 to 23rd at year-end 2016 as the pace of global house price growth accelerated. In total, the Global Read more about Global house prices increase by 6% in 2016, the highest annual rate since the first quarter of 2014.[…]

Value of Prime Market Sales in Dublin increased by 8% in 2016.

An analysis of the Property Price Register, as of the 11th January 2016, has shown that there were more than 12,000 residential property transactions recorded in Dublin in 2016, with over €5 billion worth of properties changing hands. The average price of a property in Dublin at the end of 2016 stood at €407,324, compared Read more about Value of Prime Market Sales in Dublin increased by 8% in 2016.[…]