Via RTÉ News:
According to the report, the increase in rents around the country reflects an on-going and unprecedented scarcity of rental homes.
At the start of this month, there were just 1,460 homes available to rent, according to Daft.
That is an all-time low, since the figures started to be collected back in January 2006.
While Dublin had initially seen an increase in availability after the start of the pandemic, there were just 820 homes available to rent on 1 November.
That is the lowest ever recorded for the city in two decades.
Rents continue to rise as availability plummets (RTÉ)
Conyngham Road, Islandbridge, Dublin 8.
He’s in a rut.
Thanks Paul McCarthy
Dublin City Council Chief Executive Owen Keegan
Trinity College Dublin 2.
Room-seeking, bouncy-haired, ‘super emotionally stable’ student Joris Carbonare, from France, takes to the streets.
Have you a spare chambre?
Dublin Bus stop. Dublin 2.
Thanks Alan Bracken
Via RTÉ News:
The report by myhome.ie claims prices in Dublin were 7.3% higher in the period between July and September compared to the same three months in 2020.
Daft.ie’s analysis, however, puts that rate of price growth in the capital at 4.9%.
Myhome.ie calculates that outside of Dublin inflation ran at around 10.1% over the period.
This compares to daft.ie’s estimate, which puts the increase during the quarter outside of the main cities at 12.9% year on year.
Despite the differences in the findings of the two reports, both agree that the rate of residential property price inflation continues to be driven by a chronic lack of supply and high demand.
Asking prices for homes rose 9% in third quarter, but rate eases (RTÉ)
Kildare Street, Dublin 2.
Members of the Union of Students in Ireland (USI) – protesting outside the dáil (Leinster House) over funding for purpose built student housing.
The Dail at The Convention Centre, Dublin.
Micheál Martin said the current tax breaks have to be kept in place to provide social housing for families through leasing properties from these funds.
He said that if the tap was turned off immediately then 2,400 families would lose out on getting a home this year.
Mr Martin added that the future model will focus on direct building, but he said: “The reality is we need more houses.”
He said there would be a move to a new system where the State would ultimately own leased properties but this cannot happen immediately.
Government wins Dáil vote on housing investor tax break (RTÉ)
From top: Minister for Finance Paschal Donohoe and Minister Public Expenditure and Reform Michael McGrath during a press briefing on the Economic Recovery Plan in Government Buildings this morning; The new band charges could be presented to homeowners next January and February
Minister for Finance Paschal Donohoe gave some detail to his plan to increase Local Property Tax….
…Under the changes, all properties will be revalued on 1 November this year.
According to the CSO, house prices nationally have risen by 90% on average since their low point in 2013.
According to an analysis by the Department of Finance, 11% of property owners may see a decrease in their tax, while 53% may see no change.
It said 33% may see their tax go up one band, up to €100, while 3% may see a jump of two bands or over €100.
The exemptions for people who bought in “ghost estates” will lapse, while exemptions for people in pyrite damaged homes in Limerick and certain eastern counties will be phased out.
…Income thresholds for deferrals have been raised to €18,000 for a single person and €30,000 for a couple.
Local Property Tax valuations to be reviewed every four years (RTÉ
Julien Behal Photography/RollingNews
The site (above) of 0.25 acres and an adjoining four bedroom semi-detached house (top) on South Lotts Road, Dublin 4.
A latte’s throw from Google/Facebook, etc.
The site & house were sold by Public Tender by Hooke & MacDonald & McNally Handy, they were guiding €1,250,000 for the site and €550,000 for the house or collectively for €1,800,000…
…but the price achieved was in excess of €4,250,000.
Oh, we’re back.
Silicon Docks residential site sells for more than double guide price (irish Times)
Prime Development Site & adjoining House sold in Dublin 4 by Public Tender (Hooke & McDonald)
Pics: Hooke & McDonald