Property News Archives - Page 2 of 3 - earnest

Update COVID-19 & Renting

COVID-19: Update on Emergency Measures to Protect Residential Tenants.

COVID-19: Update on Emergency Measures to Protect Residential Tenants. Since 27th March 2020, emergency measures have been in place to protect tenants during the coronavirus emergency period. These measures have been extended to 1 August 2020. During the emergency period: 1 – A tenant cannot be served with a notice of termination. 2 – If … Continued

New Tenancy Regulations Introduced

Lots of new regulations and changes to the Residential Tenancies Act have been signed into law and are effective from Tuesday, June 4th 2019. Here is a quick summary of the changes that are now effective: New Notice of termination obligations & procedures If the landlord requires the property for themselves or their family member. They … Continued

Updated Regulations Coming June 2019

Ballsbridge Rooftops

In case you are not aware, changes to the Residential Tenancies act are on the way and these are due to be signed into law over the coming weeks. It’s important to be familiar with them as they will impact every tenancy. Here is a quick summary of what changes are on the horizon. We … Continued

Earnest – Budget 2019

Budget 2019

The budget had some good news for landlords: The tax deduction available in respect of interest on loans used to purchase or repair residential property will increase to 100% from January 2019. Local Property Tax – A review of LPT is ongoing and “any future changes will be moderate and affordable.” Although there were only two … Continued

Rent Predictability Measures Introduced December 2016

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The Minister introduced a number of changes affecting both landlords and tenants as part of a rental strategy and these measures came into law on 24th December 2016. The Rent Predictability Measure is intended to moderate the rise in rents where rents are highest and rising. The entire of Co. Dublin is included in this … Continued

Two ways a 4% rent cap endangers tenancies

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There are two situations where tenancies are being endangered with the introduction of the rent cap and neither of them are being discussed. Although I will explain in more detail, the two “loopholes” are: 1) Substantial refurbishment 2) The 4 year cycle Here are two case samples showing how the rent caps may actually encourage … Continued

Average rents to soar above €2000 per month

Door with Question Mark

The Help to Buy scheme is the only measure taken in Budget 2017 to stimulate the supply of new homes in Dublin. It is designed to help first time buyers but essentially it is a grant to developers that will probably increase asking prices. The government are taking a gamble that higher prices will boost … Continued

Tenants and young families forgotten in Budget 2017

sunny-front-home

With the growing issues related to the lack of housing supply in Dublin, are the government forgetting about Tenants and young families again in Budget 2017? Are we making the same mistakes all over again with this election budget? There were a number of initiatives announced in the Budget this week that are aimed at … Continued

Mortgage lending limits reducing housing supply

Sandyford Unfinished Apartment Block

A major think-tank has said that the mortgage lending limits introduced by the Central Bank will reduce the amount of development by 5% over the next 4 years. These findings are worrying considering the growing shortage of homes on the market which has already pushed rents above the levels seen during the Celtic tiger. The … Continued

Is your house near a Secondary School?

New Row Place, Dublin

Although the premium for being close to a secondary school has fallen since the boom, the latest Research Report from Daft.ie concludes that people are paying an average of 1.6% more to live close to a secondary school in Dublin and an average of 2.6% nationwide. Taking an average price in Dublin of say €400,000, … Continued

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