Three tips for using Ireland’s property price register
At long long last, Ireland has a property price register! The site went live hours before the revised deadline (end of Q3 2012), and there will hopefully be time in future to quibble about how it took...
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First results from the property price register – the IMF effect and rising...
As I mentioned in my earlier post today, Ireland has –at long long last – a public property price register. I also mentioned that it is a tricky business to extract any meaningful signals about the...
View ArticleReports of our death are greatly exaggerated: existing house price reports...
There now follows a statement from Continuity EPR (Existing Property Reports), which was delivered to me anonymously in the dark of night. Hello. We are Continuity EPR. We represent existing property...
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The first house price index based on the house price register
Over the weekend, the Sunday Independent featured some analysis I’ve done with the help of the team at Daft.ie on the Residential Property Price Register (RPPR). The full report is available here (PDF)...
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A new dawn or the morning after the night before?
As with every New Year’s period, the end of 2012 and start of 2013 has brought a significant amount of taking stock, from the global economic outlook down to the prospects for the Irish property...
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How much is that house worth? A note on property tax calculators
Over the weekend, Revenue Commissioners launched their guidance for the Local Property Tax, in the form of an interactive map. With just a couple of pieces of information (location, property type and...
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House prices: bubbles versus booms
The end of one quarter and the start of another sees the usual slew of economic reports and the start of Q4 is no exception. Today sees the launch of the Q3 Daft.ie Report. In line with other reports...
View ArticleRent allowance and the curse of good intentions
Earlier this week, the Irish Times ran a story entitled “Daft.ie to continue use of ‘rent allowance filter’ on searches“. The thrust of the story was that the Department of Social Protection (DSP) had...
View ArticleExpectations, credit and house prices
Happy new year to all readers – after an-almost two-year hiatus (or at least severely restricted service), I hope to return to regular blogging this year and have revamped the site to reflect how times...
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When does a housing bubble start?
Yesterday, former Minister for Finance Charlie McCreevy appeared before the Oireachtas banking enquiry. His refusal to answer whether or not he believed Ireland suffered a property bubble that burst in...
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Supply, supply, supply: the new housing mantra
Below is my commentary to the latest Daft.ie Sales Report, which reviews the market in 2016. Its overall point is that Ireland needs roughly three times as many new homes to be built per year as is...
View ArticleProperty in 2017 – the year ahead
2016 saw a number of important policy shifts in relation to property in Ireland, particularly in the final few months of the year. The first was creation of a Cabinet-level Minister for Housing, a sign...
View ArticleHow to build enough homes
6,200 newly built homes were sold in Ireland last year, an increase of almost 100 on the total for 2015, and twice the number of new home sales seen in 2011, 2012 and 2013. Given the early part of 2015...
View ArticleWould you rather be fat or tall? Time for Dublin to grow up
The figures from this latest Daft.ie Rental Report make grim reading not only for tenants but for policymakers also. The annual rate of rental inflation – at 13.5% in the final quarter of 2016 – was...
View ArticleNasty Nick and Decent Dave: how do you measure a problem like rental inflation?
Late last year, new measures were announced to try to limit rent increases, primarily to give tenants – and the Government – some breathing space while issues inhibiting the supply of new homes are...
View ArticleWill Rent Pressure Zones worsen the rental market logjam?
A point I’ve made a number of times before is that turnover in the residential sales market is a key measure of the health of the housing market. At one point, in the depths of the crash, the typical...
View ArticleAre tracker mortgages haunting Ireland’s mortgage market?
Why are mortgage interest rates in Ireland so high compared to other countries? The ECB collects information on the average interest rate of a new mortgage for all euro countries and, for December...
View ArticleHousing and Ireland’s competitiveness jigsaw
Housing should always be primarily a social issue. If the country cannot house its own citizens, this should be disturbing enough for remedial action. However, most people would acknowledge that, with...
View ArticleNew reports do little to ease concerns about build costs
This week, a flurry of new reports came out about the housing sector. One, published by the Housing Agency, compares residential construction costs in Ireland to other European countries. It compares...
View ArticleBuilding tall – are our policymakers mixing up supply and demand?
Last week, the Department of Housing released three different reports on the cost of building on the same day. The viability of construction is, arguably, the single biggest policy challenge facing the...
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