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    Cosy Cottages: Five of the best cottages on MyHome.ie right now

    As we head into the shorter evenings there’s something comforting about the prospect of cosying up in front of the fireplace after a long day.
    Where better to do that than in one of the many fine cottages around Ireland.
    Here we look at five of the best available on MyHome.ie right now…
    Birch Cottage, Bannow, Co Wexford

    Stripe Cottage, Furbo, Co Galway

    Walnut Cottage, Coolacussane, Dundrum, Co Tipperary

    Claremoy Cottage, Clooneyogan South Moy, Lahinch, Co Clare

    Ruby Cottages, Carrigtishane, Rineen, Skibbereen, Co Cork More

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    Prospective homebuyers still confident about buying despite Covid-19 impact

    71% of potential buyers are planning on purchasing a property in the next year
    40% expect property prices to fall by up to 10% in the next year
    76% believe the Government could do more to help the property sector
    73% feel safe viewing properties at present
    Prospective homebuyers are still confident about their ability to buy despite resilient house prices and the ongoing effect of Covid-19 to the economy, according to a new survey from MyHome.ie.
    The survey suggests that 71% of prospective buyers are still planning on buying a new property in the next year. This compares with 68% of prospective buyers who were surveyed last May.
    However, consumer opinion regarding house prices has changed since the summer. Now, just 13% of survey respondents believe property prices will fall by over 10% in the next year, whereas last May 37% of consumers predicted that outcome.
    Four in ten consumers now believe that prices will fall by up to 10% in the next year, while half of all respondents believe next year will represent a good time to buy property.
    The survey of 2,716 people also found that three-quarters (76%) of respondents believe the Government could do more to help the property sector.
    The virus is expected to have significant long-term effects, with 61% of respondents believing it will lead to more online processes in general to minimise unnecessary contact. Meanwhile, 23% believe it will lead to quicker sales processes in general.
    In a boost to the sector, 73% of respondents to the survey said they felt safe viewing properties at present.
    Angela Keegan, Managing Director of MyHome.ie, said that the findings reflected the ongoing demand that was evident in the market.
    “Even though consumers have not seen the price drops that many predicted when Covid-19 emerged, demand has stayed strong throughout Q2 and Q3. It appears that many prospective buyers have not been hit by the economic fallout from Covid-19. MyHome.ie had its busiest ever month for website traffic last July, and this is reflected in the fact that seven out of ten respondents are planning on purchasing a property in the next year.”
    However, Ms Keegan warned that it was crucial that construction activity be allowed to continue in the coming months.
    “Our analysis shows that stock levels are down by 22% year-on-year, which is concerning. A healthy, functioning property market needs a good balance of supply and demand, and as such we need to see construction continue unimpeded over the winter if at all possible.” More

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    Love That Home – houses for sale on MyHome.ie with their own tennis courts

    The final of the US Open tennis championship takes place this weekend and with Wimbledon having been cancelled this summer it’s the nearest we’re likely to get to a big tennis tournament.
    When the Grand Slam tournaments take place, interest tends to soar at tennis clubs around the country.
    For a few lucky homeowners they only have to venture out their back door to hit a few serves and volleys.
    Here’s some of the finest homes with tennis courts on the market right now on MyHome.ie…
    Radharc, Woodtown Way, Stocking Lane, Dublin 16

    Shanbally, Abbeyfeale, Co Limerick

    Ballinamona, Shanagarry, Midleton, Co Cork

    19 Grosvenor Road, Rathgar, Dublin 6

    Derrynane House, Rathcannon, Athlacca, Kilmallock, Co Limerick

    Summerhill, Marino Avenue West, Killiney, Co Dublin More

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    Housing market resilient in face of Covid-19

    Asking price inflation up 1.2% nationally in August compared with Q2 2019
    Dublin inflation up by 0.3%; rest of country up by 1.5%
    Strong quarterly inflation recorded
    Demand likely a combination of high interest from those with mortgage approval and shortage of stock
    Annual house price inflation has risen by over 1% despite the impact of Covid-19, according to analysis from leading property website MyHome.ie and Davy.
    Key findings:
    Region
    Mix-adjusted asking price
    Annual % change (Q2 2019 – > August 2020)
    Quarterly % change (Q2 2020 – > August 2020
    National
    €280,000
    +1.2%
    +4.3%
    Dublin
    €383,000
    +0.3%
    +2.9%
    Ex-Dublin
    €234,000
    +1.5%
    +4.7%
    Asking price inflation rose by 1.2% nationally compared with Q2 2019, by 0.3% in Dublin, and by 1.5% elsewhere around the country.
    The rise in quarterly asking price inflation has been even more pronounced – by 4.3% nationally, 2.9% in Dublin and 4.7% elsewhere around the country.
    This means the mix-adjusted asking price for new sales nationally is €280,000, while the price in Dublin is €383,000 and elsewhere around the country it is €234,000. Newly listed properties are seen as the most reliable indicator of future price movements.
    Conall MacCoille, Chief Economist at Davy, said: “The MyHome data shows pricing has held up during the summer months; the negative 3% inflation rate seen in Q2 2020 now seems an aberration, driven by the small numbers of vendors prepared to put their homes on the market during the exceptionally uncertain period of the lockdown. Looking ahead we think prices will be broadly flat in 2020, or see marginal declines, but the impact of Covid-19 on the housing market could have a longer, slow burn impact than many appreciate.”
    Angela Keegan, Managing Director of MyHome.ie, said the increase in asking prices was likely a combination of people who already have mortgage approval moving to secure properties, and a shortage of stock. “One of the many negative effects of Covid-19 has been the decrease in construction output, which has had significant ramifications for the property market. Anecdotally we are also seeing people who have mortgage approval acting fast to secure properties and this, added to the fact that stock levels are low, is driving asking prices upwards.” More

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    Massive boost to tourism sector with major rise in staycation interest

    Searches on MyHome.ie in June for Irish holiday homes up 112% year-on-year
    Notable decline in interest when lockdown restrictions were at their height
    The domestic tourism sector is set to receive a significant boost this summer, with a major rise in the number of people searching for holiday homes around the country.
    Interest in staycations on the MyHome.ie property website soared in recent weeks as lockdown restrictions were eased – with a 112% increase in searches for “Irish holiday homes” in June 2020 compared with the same period the year before.

    However, during March and April – when Covid-19 cases escalated and lockdown restrictions were at their height – there was a marked decline in Irish holiday home searches on the MyHome.ie website. March saw a 48% year-on-year decline, while April saw a 41% decline over the same period.
    In May, there was a 28% increase in searches for Irish holiday homes compared with the same period in 2019 as the roadmap for lockdown easing began.
    The staycation trend looks set to benefit most tourism hotspots around the country, with significant increases in holiday home searches in June 2020 compared with June 2019 in counties including:
    Kerry: up 107%
    Sligo: up 105%
    Galway: up 83%
    Clare: up 57%
    Donegal: up 45%
    It also appears that the west is best for staycations, as searches for holiday homes in Dublin in June 2020 stayed relatively steady, up by just 6% compared with the same period in 2019.
    Angela Keegan, Managing Director of MyHome.ie, said: “These findings reflect the huge pent-up demand that exists among people after three months of lockdown, which will have a much-needed knock-on effect for a hospitality sector that has suffered badly as a result of Covid-19 restrictions. People need a holiday to look forward to after a tough year, and it looks like the domestic economy will benefit from the Government’s continued guidance to avoid non-essential foreign travel.”
    You can check out the selection of holiday homes on MyHome.ie here. More

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    MyHome.ie Webinar – A chat with Davy chief economist Conall Mac Coille

    We’re delighted to bring you the 10th MyHome.ie Webinar today.
    In this week’s episode, we chat to author of the MyHome.ie Property Report Conall Mac Coille, chief economist with Davy.
    Conall outlines what the report is telling us and discusses the various challenges the market will have as it looks to rebound out of lockdown.
    Check it out below…
    [embedded content] More

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    MyHome.ie Webinar: Focus on Donegal

    This week’s MyHome.ie Webinar focuses on Donegal. It’s fair to say that Covid-19 has changed the world with many people now considering remote working as a more long-term solution. A recent report by Irish Tech News found that estate agents in Donegal were receiving more and more calls from businesses and individuals based in Dublin […] More

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    MyHome.ie Webinar: A chat with Shirley Coulter of the Society of Chartered Surveyors Ireland

    We’re delighted to bring you the sixth MyHome.ie Webinar today. In this week’s episode Society of Chartered Surveyors Ireland chief executive Shirley Coulter talks about her first six months in the role and the impact Covid-19 has had on the SCSI and its members. Shirley also discusses the importance of technology going forward and looks […] More