Irish Property News Update Royal London Asset Management dumps Dublin property Interesting sale on by CBRE at the moment. Interesting in that it’s not a property sale by NAMA or any  of the banks. It’s being sold on the behalf of Royal London Asset Management, a leading UK based fund management company with £82bn in assets under management. It’s a €118m (guide …

Crowdfunding Property News Update Crowdfunded REIT floats on AIM The first successful exit from a UK crowdfunded company. Mill Residential REIT listed on the crowdfunding platform Syndicate Room last year, raising over £2 million. Since then it did as promised and listed on the Alternative Investment Market in London. Investors who sold upon flotation would have banked a 11.5% profit in …

Irish Property News Update ‘Unwarranted delays’ in purchasing property According to this report by the Institute of Professional Auctioneers & Valuers, over 60% of IPAV members are experiencing delays in conveyancing of up to 4.5 months. Various reasons are proffered by the frustrated buyers. They blame the solicitors for not using email, for not preparing the paperwork before the property goes sale …

Irish Property News Update Property repossessions on the rise The head of KBC bank expects property repossessions to increase and 2015 and 2016 as reported in the Irish Independent here. He puts it down to the fact that the Central Bank have set targets for Banks to deal with their problem loans. Growth in rents slows in 4th quarter Ronan Lyons …

Irish Property News Update Crowdfunding Property : The Irish Times Fiona Reddan in the Irish Times writes about how crowdfunding can be used to get a better deal for consumers and investors this week. Just like any investment, property crowdfunding can be risky and potential investors should consider carefully before investing. The advantage of the structure is that each property …

Irish Property News Update Is there still value in Irish Commercial Property? While the Irish Times reports that Irish property has provided investors with a return of 29 per cent to the end of third quarter, the question arises whether there is any value left? The rise was led by office space but retail units on Grafton Street have risen by …

Irish Property News Update Grafton Group – Woodie’s DIY, Chadwicks, Heiton Buckley Grafton Group are reporting an sharp rise in trade in Ireland as the economy shows some signs of improvement. 13.9% growth in fact. Grafton Group control Woodie’s DIY, Chadwick, and Heiton Buckley. Grafton Group is estimated to serve over 20% of the trade customers in Ireland. The rate …

A Macro Financial Review of Ireland The Central Bank of Ireland has released it’s 2nd Macro Financial Review of 2014. You can download and read it here : Macro-Financial Review 2014.2 Here are some highlights and quotes from the report. There have been pick ups in activity in both residential and commercial property markets. Low levels of housing supply are …

Allsop Space have released a report into buyers trends and expectations. The key word here is ‘buyer’ as most forward looking reports are based on seller expectations based on evidence from estate agents or the property listing sites such as Daft.ie or Myhome.ie. The results show that even though the majority (56.1%) are investing for rental income rather than capitall …

PRTB: Rents rise 5.2% – Q2 2014 vs Q2 2013 According to the PRTB Quarterly Report for Q2 2014, to the end of June, rents have risen 5.2% nationally. Naturally there is a large difference between Dublin and the rest of the country. and also between houses and apartments. Annually the increases are as follows… Nationally 5.2% : Houses 3.7% …