According to Daft.ie there has been a major increase in the number of people looking for new homes. The increased figure of up to 130% is probably linked to the Government announcing a “Help to Buy” Scheme which is aimed at the housing market in Budget 2017. Dublin has experienced the most demand ahead of Cork, Galway, Limerck and Waterford.
https://uk-mg42.mail.yahoo.com/neo/launch?.rand=bfv928h42kpq2#8571548193
Buying a house is a big step. Before going house hunting there are a lot of financial factors to be taken into consideration apart from the actual purchase price of the property. Limerick Auctioneers and Estate Agents are experiencing an increase in the number of inquiries from first-time buyers anxious to get on the property ladder.
Great First Time Buyers Guide available
http://www.thejournal.ie/river/buying-a-home-heres-everything-you-need-to-know-2470205-Sep2016/
The 2009 policy that prevented Irish landlords from claiming full mortgage interest tax relief on their rental property income is being reversed and Britain is planning to do likewise early next year.
Irelands finance minister Michael Noonan announced last week in his budget statement that landlords could claim 80% tax relief from next year which is a 5% increase from the current level.
See more at http://www.telegraph.co.uk/investing/buy-to-let/irelands-scrapping-of-buy-to-let-tax-is-warning-to-britain/
Kevin Nowlan, CEO of Hibernia REIT, Sean McKeon, CFO of Dalata Hotel Group, Philip O’Sullivan, Chief Economist of Investec, and Ian Guider, Markets Editor at The Sunday Business Post discuss the future of Irish property.
IG is a trading name of IG Index Ltd and IG Markets Ltd
Daft says that traffic through the property website is substantially up since the budget was announced after it benefited first time property buyers to a tune of a maximum of e20,000 in tax rebates.
Daft say that searches for new houses were strong in all area with Dublin leading the way but Limerick property factored high in there enquires also.
Read more at
Joan Collins says that Budget 2017 help to buy scheme, which has been put in place to help first time buyer buy of Limerick property, is only a conduit for developers and the banks,
She says it will only increase property prices, and she would have a concern regarding tax breaks for private landlords.
Both Limerick Auctioneers and Estate Agents and the CSO would agree that house prices have risen by between 6% and 7%. This includes all sales including cash. See more at:
http://www.rte.ie/news/business/2016/0921/818092-cso-house-prices/
Sale Agreed! Apt 4 Punches Close, Rosbrien Road, Limerick. This was a 2 bedroom duplex apartment and we managed to agree a sale in 10 days. The asking price was €90,000 and a price of well above this was achieved by these Limerick Auctioneers and Estate Agents. https://rfauctioneers.ie/property-advert-details/?ep-adtype=sale&pagd=1&epid=1309658
This is a great 4 bedroom detached home on half an acre just outside Castleconnell and only minutes drive from Limerick City. The property has gas heating, a beautiful open plan sunroom/kitchen/ dining room. Just to to link below to view this super Co. Limerick property which is for sale through Rowan Fitzgerald Limerick Auctioneers and Estate Agents
https://rfauctioneers.ie/property-advert-details/?ep-adtype=sale&pagd=1&epid=1304062