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      Prospective homebuyers still confident about buying despite Covid-19 impact

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      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

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      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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      MyHome.ie Webinar – A chat with Steven Blanc of BidX1

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      We’re delighted to bring you another MyHome.ie Webinar today.
      In this week’s episode, we chat to Steven Blanc, Head of Business Development for Bid X1.
      Steven discusses the business, how it has been impacted by Covid-19 and what its plans are going forward including a move into digital private treaty sales.
      Check it out below…
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      You can check out all the latest properties available from BidX1 at www.bidx1.com More

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      Uni Units – some of the best student accommodation on offer right now

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      The Leaving Cert results are out on Monday and with that will come the inevitable rush for college places.
      Settling in to your surroundings can be key in your first year at an IT or university so we’ve picked out some of the best student accommodation on MyHome.ie right now.
      Check them out below…
      Millbrook Student Accommodation, Carlow

      Located just five minutes from the town centre, 15 minutes from Carlow IT and five minutes from St Patrick’s College, this student accommodation also. Benefits from 1,000MB unlimited broadband.
      Binary Hub, Bonham Street, Dublin 8

      The Binary Hub is home to 471 students and is located within close proximity of most of Dublin’s main colleges such as NCAD, Trinity College, RCSI, BIMM, DBS and numerous language schools in the city.
      Summerhill, Mountjoy Square, Dublin 1

      These high quality student apartments are available on a single occupancy basis only and cost from €240 per week including bills. Within walking distance of the city centre and several of the Dublin’s main education hubs. On site facilities include: a gym, games room, study rooms, cinema, roof top terrace and much more.
      Green Park student accommodation, Dundalk, Co Louth

      This purpose built student accommodation is situated just a few minutes walk away from Dundalk IT. Each apartment has five single bedrooms with two bathrooms.
      Ballymun Road, Ballymun, Dublin 11

      The Aspen apartments close to DCU have a range of options from self-contained studios to shared apartments. Aspen also has a long list of onsite facilities for you to explore and enjoy, including a big common area, cinema, gym, games room and more. More

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      The last of the summer nights

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      The weather might not have been great recently and the evenings might be closing in but ahead of the last weekend in August, we’re hoping we can get out our back garden this weekend to enjoy the last of the summer nights.
      Whether it’s to watch the kids play, enjoy a BBQ or take away or to sit back and relax with a friend, family member or book, there’s few things better than a chilled out evening watching the sun go down in your garden.
      Here’s some properties on the market right now that certainly fit that description…
      6 Garden Village Court, Kilpedder, Co Wicklow
      www.myhome.ie/4449526
      Convent Garden, Kinsale, Co Cork
      www.myhome.ie/3618143
      62 Bloomfield Park, Bloomfield Avenue, Donnybrook, Dublin 4
      www.myhome.ie/4449222
      Loughanunna, Dungarvan, Co Waterford
      www.myhome.ie/4445468
      Drummond, Inniskeen, Co Louth
      www.myhome.ie/4447640
      Chestnut Avenue, Foxburrow, Portlaoise, Co Laois
      www.myhome.ie/4351060
      18 The Streams, Caragh, Naas, Co Kildare
      www.myhome.ie/4450415 More

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      Housing market resilient in face of Covid-19

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      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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      MyHome.ie Webinar – A chat with Maeve McCarthy of Charles McCarthy Estate Agents in Cork

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      We’re delighted to bring you another MyHome.ie Webinar today.
      In this week’s episode, we chat to Maeve McCarthy of Charles McCarthy Estate Agents in West Cork.
      Maeve discusses the increased level of interest in the area since the onset of Covid-19 and the silver lining that might come about from the pandemic.
      Check it out below…
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      You can see Charles McCarthy’s range of properties at charlesmccarthy.com More