• DUBLIN RENTS FALL 3% IN 2020 – BUT RENTS ELSEWHERE UP 5%
    Daft.ie says: The latest Rental Price Report 2020 Q4 which shows that: Average national rent in Q4 is again higher than a year previously and is now €1,414 – but is lowest rate of inflation since 2012 Rents in Dublin fall by 3.3% in one year and is now €1,984 In Dublin 1, Dublin 4…
  • Help to buy scheme
    Help to buy scheme Citizensinformation says: The Help to Buy (HTB) helps first-time buyers of newly-built homes to buy a new house or apartment. It also applies to once-off self-build homes. It only applies to properties costing €500,000 or less. The Help to Buy incentive scheme gives a refund of income tax and Deposit Interest…
  • The effect of Covid 19 on the property market
    How Covid-19 has led to the biggest shift in home-buying habits since the crash   ‘We are going through a profound once-in-a-lifetime shift in the property market,” is how one estate agent described an extraordinary period during which Irish property prices have defied all predictions by holding firm or also increasing, sometimes substantially. The drift…
  • Fair Deal scheme
    What is the ‘Fair Deal scheme’? The Fair Deal Scheme provides financial assistance for people who need long-term nursing home care. An individual’s contribution is based on their means. The State through the Health Service Executive (HSE, pays the balance of the costs in public, private and voluntary nursing homes approved under the scheme. This…
  • Rent Reviews & Evictions Update 2021
    Rent Reviews & Evictions Update 2021 Evictions: An eviction moratorium is in place from the 31st December 2020 and is due to expire on 10th February 2021 (31st January plus 10-day grace period). This legislation has been re-introduced as a result of the return of 5km restrictions on people’s movements. Please note any time there…
  • Why landlord insurance is a good idea
    Why landlord insurance is a good idea. If you’re renting an apartment or house and you don’t have landlords insurance, you might want to reconsider.   As a landlord, your biggest areas of concern should be: Protecting your asset against damage Liability cover (in case you are sued) Loss of rent   We find a…
  • Non-Resident Landlord Update
    The Revenue has made some changes around tax returns for Non-Resident Landlords. They now require that the Landlords Collection Agent is the same person or company that completes their annual tax return. As Earnest are not tax advisors or accountants, we can’t complete non-resident tax returns and so we can’t be the appointed collection agent….
  • Moving out?
    Moving out? There are a few steps that every tenant should take in the weeks leading up to the big move. So start planning early! Please follow these steps to ensure that your property is transferred back to the landlord or agent in good condition. Clean the property Once you have vacated, an inspection will…
  • Update COVID-19 & Renting – August 10
    Notices of Termination can again be served from the 2nd of August 2020, and the usual protections under the Residential Tenancies Act again apply. Where a Notice of Termination was served before the emergency period and the notice period had not yet expired by 27th March 2020, the notice period was paused. The notice period…
  • 8 Steps: Dealing with Rent Arrears under New Legislation
    Dealing with Rent Arrears under New Legislation. There are eight steps detailed below which all tenants and landlords must follow if they find themselves in rent arrears. Failure to complete each step as set out below will lead to a Notice of Termination being deemed invalid. Step 1: A landlord must issue a 28 day…
  • Update COVID-19 & Renting – August 5
    The Residential Tenancies and Valuation Act 2020 was signed into law by the president on August 2nd. This new act specifically sets out protections for tenants that have fallen into rent arrears and as a result are at a risk of losing their tenancy. It also sets out to protect those whose employment was impacted…
  • Update COVID-19 & Renting
    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…
  • 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…
  • Updated Regulations Coming June 2019
    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…
  • Tenant turnover matters.
    Growing rental yields are a benefit to most landlords as in theory this increases the investment returns. However having a single minded approach to letting can be counterproductive. Our experience shows that keeping happy tenants in place can be more lucrative than increased gross yields. Tenant turnover does matter. The reason is pretty obvious but…
  • Fire Safety and Prevention
    Fire destroys homes and lives every day so it’s important that everyone knows how best to prevent it. Here are some tips that everyone should follow: Install fire alarms and smoke detectors. Test each alarm once a month to make sure it’s working. Teach children the basics of fire safety and how to prevent, prepare…
  • Fixed Term or Part 4 Tenancy?
    What’s the difference and which should I choose? As a landlord or a tenant, it’s important to know what kind of contract or agreement you are entering into because your rights and your responsibilities can change depending on whether you are in a Fixed-term or Part 4 tenancy. The differences mostly apply when either party…
  • Substantial Refurbishment Explained
    Can Substantial Refurbishment or the Substantial Change Exemption be a practical way of increasing the rent that your investment property is achieving? Since our last blog on this topic there have been some big changes and so we will take a look at the regulations again. We have spoken with the RTB, received legal advice…
  • Rent Reviews 2019
    Dublin is a Rent Pressure Zone (RPZ) since December 2016 and this means there are restrictions when it comes to rent reviews. The basic rules and formula have not changed, however there are a couple of scenarios that are new to 2019 which may need to be explained. First of all, landlords and tenants should…
  • Earnest – 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…
  • Increase the value of your home
    If you’re looking to sell your home in the near future, you might be looking at things you can do to increase the value of your house. There are a number of things you can do that might just clinch the deal, or make your property appear the more attractive to those looking to buy….
  • Rent Predictability Measures Introduced December 2016
    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…
  • A Landlord’s Guide to Property Inspections
    As a landlord, it is very important to conduct periodic inspections throughout each tenancy to assess the condition of the interior and exterior of your property and also to ensure that your tenants are complying with their lease agreement. We would suggest that periodic inspections are carried out a minimum of twice during each contract. More…
  • Top Tips for Selling Your Home This Christmas
    Christmas is a naturally festive and joyful time and it can provide a bright and cheerful setting for selling your home. Although the weathers no help, there are many positives to selling at Christmas and over the winter period. Often it is possible to get a better price during this time once you plan the…
  • Thinking of Moving? Our Guide to Smithfield, Dublin 7
    Dublin Area Guide – Smithfield Smithfield is an up and coming area with huge upside potential. We predict that this area will become in even higher demand in coming years as the market has practically restored itself already. Smithfield appeals to every type of person; with business owners, first time buyers, investment property buyers and…
  • Getting mortgage approval for First Time Buyers
    Being prepared is key when it comes to applying for a mortgage. See our MAP to guide you through all the “bits n bobs” you’ll need to get onto the property ladder.   The important bit: How much can I afford to borrow? Before you apply for a mortgage you must have a clear indication of…
  • Why a floor-plan is so important
    When it comes to selling a property, top quality photographs and a nicely written description are extremely important but now research suggests that floor-plans are more important than both the main image and the summary description of the property. So why, if you are selling, is getting a floor-plan an absolute must? A survey done…
  • Is your house near a Secondary School?
    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,…
  • 10 Reasons to buy a Pension Property
    At Earnest we manage a large number of our client’s Pension Properties and so we know all about the advantages of investing in property through your pension. Everyone knows there is an income tax benefit to saving in a pension and a big tax benefit at that, but acquiring property through a self-administered pension scheme…
  • Dublin’s tenants may be in for a big shock
    Daft’s most recent Analysis of Dublin’s rental market shows that average rents are now higher than they were at the peak of the Celtic Tiger. There has been more than 20% growth in the past two years and there’s no sign of it slowing down. But this hasn’t affected most tenants yet because they haven’t had their…
  • Looking to Let? Get a free Earnest valuation
    Earnest’s clear-cut approach to property valuation ensures the most reliable letting valuations in Dublin. Earnest value dozens of houses and apartments every week all over Dublin. Our modern and up-to-date approaches to property valuation have established a precedent of the highest standard. For more than a decade, these standards have resulted in our agents producing successful valuations for…
  • 13 Items to prepare when selling your home
    You will need some of the 13 items outlined here when you’re selling your home… so why not be prepared and avoid un-necessary stress down the line. You should begin gathering the info as soon as you decide to sell and the more of these you can give to your solicitor the better. If you…
  • Selling a House in Dublin – 10 Steps
    Selling your home may be one of the most stressful things that a person does in their lifetime, but it doesn’t have to be. Being prepared and informed is the trick to a smooth sale. Here is a step by step guide of the process. The steps are pretty similar whether you are selling the…
  • Guide to selling a Probate property
    Nothing can adequately prepare us for the death of a loved one and being responsible for executing their will means extra stress which can often be overwhelming. Most people have little experience with wills and the legalities related to administering an estate, so we have put together some brief answers to the most common questions…
  • Top Tips for selling your home this Autumn (aug/sept/oct)
    Autumn is second best time of the year to put your home on the market. There are usually fewer properties available and that means that a well presented property can attract lots of interest and usually they sell fast. Autumn is a lot of people’s favourite time of the year because the weather is still…