Month: July 2010

300,000 homes are currently unoccupied: Why are we still building?

300,000 homes are currently unoccupied: Why are we still building?

More than 300,000 homes are currently unoccupied: Why are we still building? “Ireland is awash with buildings that few people either can afford or want to purchase,” states a new report published by The National Institute for Regional and Spatial Analysis (Nirsa).

Based at NUI Maynooth, Prof Rob Kitchin the Director of the State-funded academic institution said that a post-mortem is needed into the Government’s failure to control the property bubble… “An independent inquiry is needed to investigate all aspects of the planning system and its operation within and across different agencies and at all scales in Ireland including charges of localism, cronyism and clientelism,”… “It would be foolhardy to carry out a banking inquiry without also looking into planning mistakes” he said.

Findings of the report include:

Mortgage Arrears: Are we heading for repossession “disaster”?

Mortgage Arrears: Are we heading for repossession “disaster”?

Mortgage Arrears: Are we heading for repossession “disaster”? Yesterday a man in Arklow, Co. Wicklow barricaded himself and his sister into their family home using machinery from his plant-hire business in order to stop the house from being repossessed. The man said his actions were an attempt to reopen negotiations with an unspecified lender that had attempted to serve a repossession order.

New figures show that 600 new cases of repossessions have come before the courts in just one month and according to the Financial Regulator as of May just gone by, 32,321 mortgages or 4.1 % of all 791,000 mortgages in the State were in arrears for more than 90 days during the first quarter of the year. Chairman of the Public Accounts Committee (PAC) warned that Ireland is facing repossession “disaster” if steps are not taken to aid homeowners struggling to pay their mortgages.

Fine Gael TD Bernard Allen said “With so many people struggling to keep up with mortgage payments it is vital that action is taken now to force the banks to make repossession the absolute last resort; if this doesn’t happen…

The Galway races: Looking for somewhere to stay?

The Galway races: Looking for somewhere to stay?

The Galway races: Looking for somewhere to stay?It’s that time of year again when horse enthusiasts flock in their thousands to Ballybrit racecourse for an auld flutter on the horses. The Galway Races is one, if not ‘the’ top race meetings of the year and attracts some 200,000 race-goers! If you haven’t planned ahead or if you have taken a spontaneous last minute decision to up sticks and head for Galway for the week, accommodation will no doubt be sparse if not, non-existent.

BUT while hotels and B&Bs will no doubt be choc o’ block throughout the week we’ve found a handful of holiday homes only a stones throw from all the action at Ballybrit; here is our top 3:

Mortgage Rates on the rise again: Should you fix now?

Mortgage Rates on the rise again: Should you fix now?

Mortgage Rates on the rise again: Should you fix now?Following the first round of increases earlier this year, EBS announced a further increase of 0.6% on its Standard Variable Rate mortgage this month which was followed on Friday by Irish Life & Permanent with a 0.5% increase on their Standard Variable Rate; it is only a matter of time before all banks follow suit.

So the question holders of SVR mortgages are asking… should I fix?
Last January when banks show signs of imposing increases the same question was asked…to fix or not to fix? Locking into a fixed rate is unlikely to save you money, but it will definitely

Dublin City Council Rent to Buy Scheme

Dublin City Council Rent to Buy Scheme

Dublin City Council Rent to Buy SchemeDublin City Council is the first in the country to launch a rent-to-buy scheme in of 91 apartments in Rialto, Glasnevin and Finglas; if the pilot scheme proves successful it could be rolled out by all local authorities across the country next year.

Since the slow down in the Irish Boom Tiger, Local Authority affordable housing did not manage to escape the drop in property prices and many councils are now left with a plethora of empty properties on their books. Fine Gael housing spokesman Terence Flanagan said…

Garden & Outdoors
Townhouse Garden Design with Structure and Style

Townhouse Garden Design with Structure and Style

Townhouse Garden Design: Before and After

Earlier this year, the owner of a large Townhouse who was planning a major refurbishment of the property, contacted us to seek our advice and assistance to design and re-build a new garden to replace an old garden which had become overgrown with cumbersome planting and provided little means to enjoy any outdoor living.

The photos provide some evidence of how jaded the garden had become! and from the outset it was clear, that several elements demanded immediate attention, including…

Property Tax: The never-ending story

Property Tax: The never-ending story

Property Tax: The never-ending storyCan we blog any more on property tax… yes we can! The subject of whether or not to introduce a property tax seems to be an on going and endless topic of conversation. Appearing in the paper again today ahead of this Wednesdays budgetary talks it now seems that a Property Tax is not on the agenda for the next budget – hip hip hooray!

Not even two weeks ago Taoiseach Brian Cowen told the Government that he had made no ‘Yes’ of ‘No’ decision on whether or not to introduce a property tax in the next budget BUT it now seems that the Government has ‘signaled’ such a tax will not form part of the next budget;

3 Four Bed Semis for less than €170,000 in Mayo

3 Four Bed Semis for less than €170,000 in Mayo

3 Four Bed Semis for less than €170,000 in MayoThis week’s three properties for X amount are all located in the panoramic and tranquil county of Mayo. All properties are 4 bed detached, come in under the €170k mark and are all described as excellent first time buyer or investment properties.

First up on the list and the least expensive at €160,000 is 18 Waterstone located in Ballina. The property has generous living space both inside and out with a large private rear garden and ample parking to the front with spacious interior living that comes with a fully fitted kitchen and tiled flooring. No. 18 is also situated in a small but popular residential development within a short of all Ballina’s amenities.

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