Month: March 2010

Is the Bottom in Sight?

Is the Bottom in Sight?

Is the bottom in sight?The MyHome.ie Property Barometer results for the first quarter of the year revealed an easing in the rate of decline in asking prices for the second consecutive quarter. In addition, statistics from MyHome.ie show that during the same period both market activity and the volume of properties going “Sale Agreed” increased significantly compared to a year ago.

As Aesop said, “one swallow does not make a summer”, but given the supporting evidence and the fact that the rate of decrease in asking prices continues to ease, is there a trend now shifting towards a period of price stabilisation in the market sometime later in 2010? Or is it too early to be definitive? When will the market bottom?…

Apartments for €69,950: Would you buy at this price?

Apartments for €69,950: Would you buy at this price?

Apartments for €69,950: Would you buy at this priceApartments at Tailteann Court in Mullingar which is less than an hour outside Dublin city centre, go on sale this weekend for as little as €69,950.

The 63 apartments which were originally put on the market for €202,000 failed to sell a single unit and are now being sold for less than two thirds of their original asking price.

Director of the Irish Mortgage Corporation Frank Conway, who is assisting with the sale this weekend said that the monthly repayments for one of these apartments would be cheaper than a car loan and also the equivalent monthly cost total of a 20 a day cigarette habit.

“If a person were to take out a mortgage of €75,900, their net payments would be only €264.85 per month. If we compare this to a car finance payment, let’s say they borrow €15,000, interest rate 10%, four-year loan, the repayments would be €380.44. Not only that but if you buy a pack of 20 cigarettes per day for one month this would cost €263.50. For just over €1 more, you could own a two-bed property,” he said. …

Is it cheaper to buy than to rent?

Is it cheaper to buy than to rent?

Is it cheaper to buy than to rent?Recent reports reveal that the rental market is showing, albeit small, signs of stability. To the delight of some landlords, good quality rental property is in demand and rent rates have slightly but steadily increased since December 2009.

With this recent news, the worthy discussion on whether to buy or to rent has raised its head once again.In terms of asking prices, property is now a lot cheaper than during the Celtic Tiger reign and house prices are a lot more attractive now than three years ago. Commenting on the latest rental reports, PIBA, the country’s largest group of independent stock brokers said…

Irish rental market following in hot pursuit of UK market

Irish rental market following in hot pursuit of UK market

Irish Rental MarketFollowing recent reports that the rental market in the UK is starting to pick up it seems the bug has sailed across the waters to Irish shores. According to the Lettings wing of Sherry FitzGerald there are signs (albeit small) of stability emerging in the Lettings Market.

However the signs of stability are more concentrated in sought after locations in the Dublin city centre market and are not the talk of the entire country. This new found good news in Dublin’s city centre they say is due to a “combination of a tightening of supply and resilient demand resulting in more stabilised rents”. Not only that but because of the high level of quality apartments available in the city centre along with public transport facilities and a wide range of amenities, the rental market in the city is more attractive and highly sought after by potential tenants. Poorer located properties…

Garden & Outdoors
5 must have Spring bulbs for your garden

5 must have Spring bulbs for your garden

Must have Spring Bulbs for your gardenThe ground is looks fairly miserable and rock hard at the moment and although it seems to have gotten milder over the past few days we are still yet to see spring bulbs in full bloom and overwhelming the countryside with their colour. While we wait for the bulbs to show up we give you our top 5 Spring bulbs for your garden.

UK: Rise in demand for rental properties

UK: Rise in demand for rental properties

UK: Rise in demand for rental propertiesAccording to the latest residential lettings survey from the Royal Institution of Chartered Surveyors in the UK residential landlords there are likely to see the rental market pick up in the coming months.

The survey revealed that because of a fall in the supply of new properties coming onto the marketing for the second quarter in a row and a sizeable decline in supply of both apartments and houses to rent in the marketplace there is now an increased demand for rental property.

Because of these factors a rise in rent rates now seems inevitable, as supply cannot meet

Buy of the week: Leenavesta, Westport, Co. Mayo

Buy of the week: Leenavesta, Westport, Co. Mayo

Buy of the Week: Leenavesta, Westport, Co. MayoBuy of the week this week is also located in the beautiful county of Mayo. Just outside Westport in Leenavesta is a charming fully renovated traditional 2 bed river cottage.

The cottage which is located in the most tranquil of settings with spectacular views across the surrounding country side to Croagh Patrick and The Sheefrey Hills is situated on eight acres of land and has thoughtfully landscaped garden that an incorporates ponds, stone walls and fruit trees among other things.  The property also comes with an adjoining stone outbuilding offering the potential for extension.

3 properties for under €240,000 in Co. Mayo

3 properties for under €240,000 in Co. Mayo

3 properties for under €240,000 in MayoThis weeks three featured properties for under X amount are all located in Co. Mayo. All properties come in under the €250,000 mark and by all standards are very good value for money.

First up is a 4 bed semi detached situated in Knock and on the market for only €125,000. Not only is10 Carramore Drive is located in a new development in the heart of Knock but the property benefits from a structural guarantee, fully insulated walls, floors and attic, fully painted interior and oil fired central heating with dual immersion.

$11.8m for Glenn Close New York Apartment

$11.8m for Glenn Close New York Apartment

Glenn Close NY ApartmentGlenn Close has just listed her ‘condo’ that overlooks Central Park for a nice tidy sum of $11.8m! (or approx €8.6m) When you divide it up its just under $50,000 in monthly repayments – well that’s a few extra noughts added to my current rent!

How to clean your microwave

Like your oven, your microwave can quickly become home to an array of food that has escaped during the cooking process. From ‘burnty’ bits, drops and splashes from soups and sauces and of course the odd explosion of beans and peas you might think avoiding or ignoring the food design on the inside of your microwave would be easier than cleaning it. BUT thanks to lemons the process of removing the caked food is so easy you will wonder why you haven’t done it sooner!

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