The Overseas Investor

Subterms

    Latest story

    150 Shares199 Views

    Guidelines for property viewings updated due to rising level of Covid-19 cases

    by

    Updated guidelines regarding property viewings have come into effect from today.
    The Property Services Regulatory Authority (PSRA), the Institute of Professional Auctioneers & Valuers (IPAV) and the Society of Chartered Surveyors Ireland (SCSI) have updated their ‘Property Services Providers Guidance to implementing Plan for Living with Covid-19‘ document which was released last year.
    The document was originally published last October to guide agents on how to operate under the various levels of the Government’s Living with Covid strategy.
    Given the rising number of Covid-19 cases over the Christmas and New Year period, new restrictions have come into effect today which will be reviewed on January 31st.
    The biggest change is that there will now be no in-person viewings of properties unless you’re already at the sale agreed stage with contracts signed.
    A statement from the PSRA said: “Due to the increasing and deeply concerning daily COVID-19 case numbers in Ireland over the very recent period, Government has requested that further tightening of restrictions in delivery of property services be addressed and implemented.
    “Accordingly, IPAV, PSRA and SCSI have reviewed and updated the Property Services Providers Guidance to Implementing a Plan for Living with Covid-19.
    “The revised Guidance document is updated to reflect the further tightening of restrictions in the provision of property services effective from 13 January 2021, which will be reviewed on 31 January 2021.
    “It is critical that you read and fully understand the new section ‘Level 5 Restrictions effective on 13 January 2021 for review on 31 January 2021’ in the document.
    “In order for property service providers, customers and the public remain safe and well, you are requested to comply with these new revised guidelines during the provision of all property services.”
    The guidance can be read in full here. More

    More stories

    • 113 Shares129 Views

      in Residential

      Top 10 most viewed properties on MyHome.ie in 2020

      by

      It has been a year like no other for the Irish property market with Covid-19 having an impact on our lives even down to how we view property. While the pandemic has had an impact on sales and stock, traffic to MyHome.ie has flourished with many people dreaming of that dream home. That was a…
      The post Top 10 most viewed properties on MyHome.ie in 2020 appeared first on MyHome.ie Advice & Blog. More

    • 150 Shares159 Views

      in Residential

      Residential property prices decrease by 0.8% nationally in the year to September

      by

      Residential property prices decreased by 0.8% nationally in the year to September, according to the latest figures from the Central Statistics Office (CSO).
      This compares to a decrease of 0.9% in the year to August and an increase of 1.1% in the twelve months to September 2019.
      In Dublin, residential property prices saw a decline of 1.8% in the year to September, while property prices outside Dublin were 0.1% higher.
      In Dublin, house prices decreased by 1.6% and apartment prices decreased by 0.6%. The highest house price growth in Dublin was in Fingal at 2.1%, while Dublin City saw a decline of 4.2%.
      Outside Dublin, house prices were up by 0.2% and apartment prices up by 0.4%. The region outside of Dublin that saw the largest rise in house prices was the Midlands at 4.0% – at the other end of the scale, the Mid-West saw a 5.7% decline.
      Overall, the national index is 17.6% lower than its highest level in 2007. Dublin residential property prices are 22.7% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 20.1% lower than their May 2007 peak.
      Property prices nationally have increased by 83.7% from their trough in early 2013. Dublin residential property prices have risen 91.5% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 83.9% higher than at the trough, which was in May 2013. More

    • 113 Shares99 Views

      in Residential

      Housing market showing resilience in the face of Covid-19

      by

      The housing market has not been severely impacted by Covid-19 and has outperformed expectations, according to a new report from Goodbody.
      Its latest BER Housebuilding Tracker – which it calculates using data from Building Energy Regulation certificates – estimates that 5,500 units were completed in the third quarter of the year.
      That was up from 3,290 in the second quarter of the year, when the pandemic restrictions were at their most severe and building sites were closed down for several weeks.
      According to Goodbody’s calculations, that left output just 3% lower year on year.
      “This suggests that productivity levels have not been as severely affected by social distancing measures as we would have feared,” Dermot O’Leary, chief economist with Goodbody said.
      “We now expect 20,000 units to be completed this year, down 8% year on year, and up from our previous estimate of 16,500,” he said.
      The Central Bank estimates that 35,000 completions a year are needed to satisfy demand.
      However, Goodbody also said there were some indications that the impact of the Covid-19 pandemic may be longer lasting.
      Many of the completions in the most recent quarter were accounted for by developments being completed at a faster pace.
      In the three months to August, housing starts fell by over a third.
      Goodbody also revised downwards its expectation for house price reductions.
      It now expects prices to fall by 5% by the middle of next year – half its previous forecast.
      Rents are expected to fall to a greater extent, the stockbrokers also predicted.
      “Mortgage lending is making some recovery, but we still expect new lending to fall 20% in 2020, before growing by 9% next year,” Mr O’Leary said.
      “Given the unpredictable nature of the virus and the government reaction to it, forecasts are still subject to a higher degree of uncertainty than normal,” he added.

      Tags: Ber housebuilding tracker, Goodbody

      Tweet Like Plus Pin It Share

      Next Article More

    • 125 Shares99 Views

      in Residential

      Residential property prices down 0.6% in the year to August

      by

      Residential property prices decreased by 0.6% nationally in the year to August, according to the latest figures from the Central Statistics Office (CSO).
      This compares to a decrease of 0.6% in the year to July and an increase of 1.9% in the twelve months to August 2019.
      In Dublin, residential property prices saw a decline of 1.6% in the year to August – house prices decreased by 1.4% and apartments increased by 0.1%. The highest house price growth in Dublin was in Fingal at 1.7%, while Dublin City saw a decline of 3.4%.
      Residential property prices in Ireland excluding Dublin were 0.3% higher in the year to August, with house prices up by 0.4% and apartments down by 0.7%. The region outside of Dublin that saw the largest rise in house prices was the South-West at 5.2% – at the other end of the scale, the Border saw a 2.7% decline.
      Overall, the national index is 17.6% lower than its highest level in 2007. Dublin residential property prices are 22.6% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 20.1% lower than their May 2007 peak.
      Property prices nationally have increased by 83.8% from their trough in early 2013. Dublin residential property prices have risen 91.8% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 83.9% higher than at the trough, which was in May 2013. More

    • 138 Shares199 Views

      in Residential

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

      by

      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

    • 125 Shares199 Views

      in Residential

      MyHome.ie Webinar – A chat with buyers’ agent Breffnie O’Kelly

      by

      We’re delighted to bring you another MyHome.ie Webinar today.
      In this week’s episode, we chat to buyers agent Breffnie O’Kelly.
      Breffnie discusses what her job entails, how she can help you find your ideal home and how Covid-19 has changed consumer attitudes towards the housing market over the last six months.
      Check it out below…
      [embedded content] More

    • 88 Shares149 Views

      in Residential

      Residential property prices fall by 0.5% nationally

      by

      Residential property prices decreased by 0.5% nationally in the year to July, according to the latest figures from the Central Statistics Office.
      By contrast was no change in the year to June and an increase of 2.2% in the twelve months to July 2019.
      In Dublin, residential property prices saw a decline of 1.3% in the year to July – house prices decreased by 1.2% and apartments increased by 0.4%. The highest house price growth in Dublin was in Dun Laoghaire-Rathdown at 1.3%, while Dublin City saw a decline of 2.7%.
      Residential property prices in Ireland excluding Dublin were 0.2% higher in the year to July, with house and apartment prices up by 0.3%. The region outside of Dublin that saw the largest rise in house prices was the South-West at 4.3% – at the other end of the scale, the South-East saw a 1.6% decline.
      Overall, the national index is 17.7% lower than its highest level in 2007. Dublin residential property prices are 22.7% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 20.2% lower than their May 2007 peak.
      Property prices nationally have increased by 83.5% from their trough in early 2013. Dublin residential property prices have risen 91.4% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 83.6% higher than at the trough, which was in May 2013. More

    • 113 Shares169 Views

      in Residential

      Prospective homebuyers still confident about buying despite Covid-19 impact

      by

      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