Mar 27, 2011

Average House Prices in Ireland 2010 - 2011

According to the latest PTSB / ESRI  Irish house price survey   - there was a drop of 10.8% in the  average national house prices for 2010 .  According to the survey - the average house price accross Ireland was €191,776.  The survey would have included all sales - from small apartments to detached homes. This survey was on a small proportion of house sales - so it may not be an accurate reflection of prices.

The average price for a Dublin house in Quarter 4 2010 was €237,480  while the average price for a house Outside Dublin in Quarter 4 2010 was €174,570

Take a look at what kind of home will you be able to buy in Ireland   for around the average Dublin house price of €237,480  (Approx $333,000 US Dollars  or £208,000 GBP )

In Dublin - Rathfarnham - the owners are asking for €240,000 for a first floor 2 bedroomed apartment of just 790 sq feet. in a gated development.

Also in Dublin - €239,950 is the value placed on this small 3 bed semi detached in Santry (105 m2). Two double bedrooms, 1 single, bathroom , kitchen , living room,bathroom. 

For €235,000 you could get a 4 bedroomed semi detached house in the suburbs of Cork City
with floor space of  just c. 1300 sq ft ( 121 sq m)

For  just  €1750,000  - you could get this large rural     (2200 sq feet) on the Roscommon Mayo border. With some great views ,  large garage, big garden and even some room for growing  vegetables or keeping chickens etc.

 €239,000 is the price asked for a small 3 bedroomed bungalow inPiltown , Kilkenny on a quarter of an acre.

Mar 20, 2011

Moving to West Cork -House Prices

West  Cork has always been a popular destination for people moving to Ireland
The Average price of a new home: €242,000
Average price of a second-hand home: €266,000

Predicted change to Jan 2012: down 5%

Renowned for its gourmet restaurants and tourist spots, west Co Cork has enjoyed some of the highest property prices in rural Ireland for decades. However, prices dropped by about 15% last year and are expected to tumble by a further 5% this year.
Despite the fact that there is real value to be found now in this tourist hot-spot, almost 100% of sales last year were made by owner-occupiers.  This year should see renewed interest from investors, as the price of holiday homes has fallen by 25% in the past year alone. There was an increase in the number of inquiries from Britain and it is hoped that this will continue now that the stamp duty rate has been slashed.

The demand from overseas buyers should mean the west Cork market bottoms out quicker than most areas. But for there to be any meaningful increase in activity,  buyers will want to see evidence that the market is in recovery.

County Kerry House Prices

House Prices Co Kerry
Average price of a new home: €165,000 (€215,000 in Killarney)
Average price of a second-hand home: €175,000  (€220,000 in Killarney)
Down 6% 
Predicted change to Jan 2012: up 5%

Co Kerry appears to be bucking the national trend. The county suffered in recent years. Last year, prices were down 30% as Kerry came to grips with a glut of unsold housing stock. A stringent planning process and restrictions on new builds and one-off housing in certain pockets of The Kingdom county has paid off and this year, prices have fallen by an average of 6%.

 It is hoped that Co Kerry has seen the bottom of the market and prices will rise slightly this year. Estate agents in Killarney, however, believe that prices will plateau before rising.
Killarney also enjoyed an active year, particularly in the past six months, again due to a lack of supply. There are no new developments in the town so it is predominantly a second-hand market. House prices have dropped by 36% since their peak while apartments have tumbled by as much as 60%. Investor interest has increased but they still accounted for only 5% of last year’s sales.
Killarney’s holiday home market took a hit, however. Second-hand holiday cottages are down 30% on last year, to €140,000. The town’s country homes held firm with no drops at all, sticking at €500,000, although this is half of what they were valued at the peak of the market.

House Prices Dublin 14

D14 Churchtown, Clonskeagh, Dundrum, Goatstown, Kilmacud, Milltown, Rathfarnham, Stillorgan, Windy Arbour -

There has been a hard 20% drop in prices in D14 in 2010 . This has been caused by the huge rent-driven reality check for apartments, the clampdown on lending for refurbs on ex-corpo homes and the probable reigning in of the over exuberant “Luas bounce” of previous years.
There were no investors in the Dublin 14 market last year and they are unlikely to return this year as banks continue to restrict finance and the rental market remains low. Rents have decreased by up to 35% since their peak in 2007.
There remains a shortage of new and second-hand family houses in Dublin 14 as young couples look for convenient living near to all services.

Prices of a Second-hand 4-bed semi in D14
Second-hand 4-bed semi:
Jan 2007: €800,000
Jan 2010: €500,000
Jan 2011: €400,000
Jan 2012: €380,000

Get Rid of The Lawn

Digging up your lawn - sounds like hard work for no reason - but maybe it could save you time and money and effort in the long run.u
Some people spend hours each week on lawns - o raking, spiking, watering and fertilising them and finding new ways to stop people walking on them and pets fouling  them.
Our parents start us off as children with that “don’t ruin the grass” thing — and soon that becomes “don’t forget to mow the grass.”

Here are somegood reasons why you too should get rid of the lawn.
1 You’ll spend up to two months of your life mowing it.
2 Lawns  can ruin the environment - an  American study showed that a petrol lawnmower using a two-stroke engine releases more carbon emissions in an hour than a new car running for 340 miles. In the USA the Environmental Protection Agency estimated that Americans use 800m gallons of petrol per year mowing their lawns.Lawns also require a constant diet of artifical fertilisers, and toxic chemicals to keep the weeds down.

3 Lawns waste a  lot of water. In the middle of a drought when we need to conserve water most, what’s that sound in the middle of the night? It’s your neighbour watering his lawn. Water shortages are brought on by millions of people hosing down their lawns.

4 Lawns cost you cash. Keeping that grass costs you about €125 per year if you have small urban lawns front and back. That’s a new €200 lawnmower every four years. Plus €25 a piece per year for weedkiller, fertiliser and then petrol to run the mower. That’s not including the massive metered water charge you’ll receive once such charges begin.

5 Lawns create refuse problems. Bags of grass cuttings clog up your composter with slabs of slimy gunk that refuse to break down. So unless you can balance it out in the composter with woody waste, you’ve got to dump it somewhere in the garden, causing a slimy mess. Otherwise it goes in your bin, which you pay to have taken away.
6 Lawns are of no use to nature. Plants (grasses) that are never allowed to flower by virtue of being cropped weekly and having all other plants removed are no use for birds or bees and actually make life more difficult for them.
7 You can make better use of the space.  In a small garden, the time you put into getting your mower out of the garage, setting it up, cutting your grass and distributing the cuttings could be spent tending a few patches of carrots, spuds and salads for your table.
8 We’ve enough green in Ireland. Football pitches and parkland are already everywhere in a land where it rains all the time, so we’ve enough grass around the place without fencing off some more and obsessing over it.