Knight Frank

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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.[…]

Update on the Planning and Development (Housing) and Residential Tenancies Act 2016

Rent Predictability A. Rental Pressure Zones The cornerstone of the government’s rent predictability measures is the establishment of “rent pressure zones” (RPZs) in Dublin and Cork City whereby limitations will be imposed on the level of rent increases allowable on residential properties in these zones. As a result of negotiations with Fianna Fail, The Government Read more about Update on the Planning and Development (Housing) and Residential Tenancies Act 2016[…]

€4.3bn in sales as long-term investors pour in

2016 was a very strong year for commercial property sales in Ireland. This is reflected in an expected out-turn of €4.3bn in transactions which Knight Frank’s investment analyst, John Ring, says will have been completed by the end of this year.   The €4.3bn figure contained in the analysis by Knight Frank is significant, coming Read more about €4.3bn in sales as long-term investors pour in[…]

Rent Controls – Short term gain for long term pain

In the face of the ongoing rental housing crisis and the current weak governing system, it was perhaps inevitable that rental controls of some form would be introduced. With renters far outnumbering landlords, the government has chosen to ride the populist wave and implement measures that will have an immediate gain in the back pocket Read more about Rent Controls – Short term gain for long term pain[…]

Ballsbridge is experiencing heightened development activity, spurred by increasing rents and a low vacancy rate

Background Ballsbridge is a prime office district commanding amongst the highest real estate values in Dublin. There is approximately 1.4 million sq ft of standing office stock in the area with a low prevailing vacancy rate of just 3%. Amenities in the area include The Aviva Stadium, The Royal Dublin Society and Herbert Park, with Read more about Ballsbridge is experiencing heightened development activity, spurred by increasing rents and a low vacancy rate[…]

Amendments to the Central Bank’s macroprudential rules will provide a significant boost to the housing market

Today’s decision by the Central Bank to relax its macroprudential rules represents another significant boost for struggling first-time buyers following the introduction of the Help-to-Buy scheme in October. In conjunction with the Help-to-Buy (HTB) scheme, today’s announcement by the Central Bank reduces the deposit required by a first-time buyer by up to 66%. Given that Read more about Amendments to the Central Bank’s macroprudential rules will provide a significant boost to the housing market[…]

Dublin remains Europe’s strongest performing city for the second consecutive quarter.

The latest edition of Knight Frank’s Prime Global Cities Index has shown that the price of prime residential property in Dublin, defined as the top 5% of the housing market, increased by 0.9% in Q3 and 5.5% on an annual basis. While Dublin remained in 13th position globally, it was Europe’s strongest performing city for Read more about Dublin remains Europe’s strongest performing city for the second consecutive quarter.[…]

Grafton Street retail rents rise 25% to €6,500 per sq m

Introduction This blog post discusses the significant rebound in occupier, investor and development activity in Grafton Street, Dublin’s premier retail destination. For a more detailed analysis of Grafton Street, click here to read Knight Frank’s Grafton Street Market Analysis Report 2016. Occupier Market Grafton Street is experiencing a significant rebound in occupier interest with a number Read more about Grafton Street retail rents rise 25% to €6,500 per sq m[…]

Reaction to Budget 2017

Residential Property The government has announced the introduction of a Help-to-Buy Scheme which is aimed at assisting first-time buyers of new homes in meeting the deposit requirements under the Central Bank’s macro-prudential rules. The scheme will benefit first-time buyers substantially. Based on a newly built apartment worth €280,000, a first-time buyer could potentially obtain 41% Read more about Reaction to Budget 2017[…]

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[…]