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PROPERTY PRICES IN Dublin increased by nearly 20% in 2014, but slowed down in the final quarter of last year due to uncertainty surrounding the Central Bank’s new rule on 20% deposits.
According to the national survey by the Society of Chartered Surveyors Ireland of over 400 estate agents, property values are estimated to have risen by approximately 14% nationally last year.
In Dublin, property values are estimated to have risen by 19.5%. If you exclude Dublin, Leinster values are estimated to have increased by 15.8%, while in Munster and Connacht/Ulster they rose by 9.6% and 10% respectively.
Too restrictive
The increase moderated in the second quarter, with 80% of respondents stating that the bank’s LTV proposal is too restrictive and recommending a deposit in the 10% to 15% range.
Simon Stokes, Chair of the SCSI’s Residential Property Professional Group the new deposit rule will impact Dublin the most, where he said property values are higher than other parts of the country and where buyers have to raise a much larger deposit.
We now need clarity around the proposed measures so that people wishing to buy can plan ahead and avoid further uncertainty.The proposal is also causing apprehension among builders planning new housing developments, which the market urgently requires.
While he said the SCSI agrees with the objectives of the Central Bank, it would rather see a deposit in the range of 10 to 15% being required.
Cash buyers
According to the study cash buyers accounted for 40% of all residential sales in 2014 but SCSI members expected this level to fall in 2015 as the level of mortgage lending approvals increases.
For the year ahead, the SCSI said the pace of property price inflation is expected to moderate in 2015 to 5-10% nationally.
The survey also looked at rents nationally.
In Dublin, rents increased over the course of last year by an average of approximately 15%, in Leinster by 13%, in Munster by 8% and in Connacht/Ulster by 9%.
“While rents are still approximately 5-10% off peak levels in prime Dublin locations, the continued increase in rents is threatening our economic competitiveness” Mr Stokes said.
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First we learn about the 17 million year old sperm and now this . It’s only 7.50 am. How much more exciting news will the day bring. I’m thinking of taking the day off in anticipation
News is news! What are you looking for? Maybe if Enda Kenny came to Galway……….
But Murph… She has 4 tattoos!! What more do you want?
Great journalist, speculation is rampant as to why she is gone. After only a few years too…
She’s gone because she demanded equal pay…
Thanks to New York Times I learned about the damaging effects of some drugs that I was put on and the lawsuits in America. If only doctors could have told the truth about these drugs !
[2007] Eli Lilly agreed yesterday to pay up to $500 million to settle 18,000 lawsuits from people who claimed they had developed diabetes or other diseases after taking Zyprexa ~ http://query.nytimes.com/gst/fullpage.html?res=9F00E5DB1430F936A35752C0A9619C8B63
[Not forgetting that chronic exposure to this drug causes shrinkage of the brain ~ a study funded by the company themselves]
[2009] “AstraZeneca buried unfavorable studies of its $4.4 billion blockbuster psychiatric drug Seroquel, according to internal documents released Friday in a legal dispute between the company and lawyers for thousands of people who sued the company because they said the drug caused diabetes and weight gain” ~
http://www.nytimes.com/2009/02/28/business/28drug.html?_r=0
From what I’m reading at the moment Pfizer is about to take AstraZeneca over for $106 billion ? You cannot be worth that much without vulnerable “hosts” for their drugs on the ground.
I speak as someone who has been on both Seroquel and Zyprexa in the past. Both are major tranquilizers (despite the fancy names that you might hear them called). Both can be highly damaging when taken long term. I was given these drugs to try to cover up the damage done by “anti-depressant” / SSRI drugs. As for some these drugs lead to mania/”psychosis” (loss of touch with reality). For others SSRIs increase the risk of suicide and violence (refer to work of Dr Peter Breggin). I took the drug for panic and learned the hard way that the lie that these drugs “rebalance neurotransmitters” is a clever but damaging myth.
[Never stop or change prescribed drugs without talking to your doctor, due to the dangers of withdrawal]
So to sum up, I learned this through the New York Times and not from the people that should have told me $$$
Irish Medical Organisation (IMO) started to warn about Zyprexa last month even though these articles have been in NY Times in 2006 or possibly before ! How nice of them !
“Warning on side effects of drugs” ~ http://www.irishexaminer.com/ireland/warning-on-side-effects-of-drugs-for-mental-illness-266612.html
“Siobhán Barry said up to 100,000 people, “enough to fill Croke Park on any given Sunday”, are on psychotropic medications — which have been shown to cause conditions such as diabetes, high blood pressure, and high cholesterol”.
Have we become a nation of drug addicts ? Just because they are prescribed doesn’t make them safer. Not forgetting that more people in this country die from prescribed Psychoactive drugs than drugs like cocaine etc
Short term use of tranquilizers can help someone who is in deep distress (eg 1 to 2 weeks depending on whether the drug suits a person or not). But most people do not need them long term. Plus they are over prescribed ie the person is given a dosage that is too high.
But to get back to my point, if people don’t learn the truth via the medical profession in a timely manner (ie not years after side effects are known) it is up to the media to educate the people with information from validated, reliable sources. After all it is the public that is the clinical trial when it comes to these drugs. Psychoactive or not. As negative trials on these drugs are sometimes hidden .
#AllTrials
Lots of rumours going the rounds. Should become clear soon despite gagging orders on NYT staff.
If you work for any American company you can expect to get fired as quickly as this.One dsy you are talking to a guy on the phone and the next day you are told he has gone..
The NYT is a joke newspaper just like the Gaurdian.
Not familiar with the Gaurdian newspaper… ;)
It’s also known as the Gardener :-)
The NYT is a joke newspaper just like the Gaurdian.”
– It does have some good articles on it as has been pointed out , .Is also known as Jew York Times .
For an alternative to the paper of record – try this .- NYT examiner
https://www.nytexaminer.com/
Jill Abramson forced out as New York Times executive editor ~ http://www.theguardian.com/media/2014/may/14/new-york-times-jill-abramson-forced-out?CMP=EMCNEWEML6619I2
Extract of article ~
Abramson thinks she can. “The thirst for the quality information the New York Times provides is very real and pretty unquenchable at this point,” she says. But what can the NYT offer British readers that they don’t already get? “Sophistication of analysis and news presentation that we do on a higher plane than anywhere else.”
New York Times editors don’t do modesty, Abramson no exception. She says her ambition for the paper is to become “the international provider of the highest quality news and information. That simple. It’s the best, so everyone is going to want that.”
http://www.theguardian.com/media/2013/oct/13/new-york-times-jill-abramson-first-amendment
A sure way to get anyone to dump you is to get yourself tattooed with their name; everyone knows that!
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