Bottom Sniffing

it

When all the supply and demand factors are taken into account, when the context of the modest incipient recovery in the domestic economy is considered, and if the most serious risks facing the economy – sovereign default by the State and/or a euro zone break-up – do not come to pass, property prices have probably bottomed out.

Christ.

Let. It. Go

Irish property market has hit bottom, probably (Dan O’Brien, Irish Times)

Related: irish Times, ‘Now Is A Good Time To Buy’: March 2007-January 2012 (Conor McCabe, DublinOpinion)

What Shade Of Orange Are You?

revmapWell, the Revenue’s property values website went live yesterday.

It will allow homeowners to calculate how much they will have to pay in property tax.

This year property owners are being asked to pay for just half a year, from July 1st. However this effectively means whatever is paid this year, will double in 2014.

Joy.

Homeowners to calculate value on property tax site (Tim OBrien, Irish Times)

Google’s New London HQ

Google has spent $1 billion (€750m) buying a 2.4 acre plot in central London where, the company told Reuters, it plans to build a new million square-foot UK HQ by 2016. Construction starts later this year and the facility is due for completion in 2016.

“This is a big investment by Google,” said Matt Britin, Google’s VP for Northern and Central Europe. “We’re committing further to the UK — where computing and the web were invented. It’s good news for Google, for London, and for the UK.”

And a nice tax move for the enormously cash rich company whose massive property investment means the money doesn’t have to be sent back to the parent company in the US where tax would be due.

likecool/dvice

“This Is An Offer Of A lifetime, It Won’t Come Again,”

Mattress Mick

Junior finance minister Brian Hayes.

In an interview with the Irish Independent, junior finance minister Brian Hayes said the deal would not be extended in December’s Budget, and buyers must act before the “train will have left the station”.

“”This is an offer of a lifetime, it won’t come again,” …All our futures are based on getting the property market going again. People need to act fast to avail of it.”"


First-Time Home Buyers Told To take €5,000 ‘Deal Of A Llifetime’ (Independent.ie)