• The First Home Affordable Purchase Shared Equity Scheme
    The Government’s First Home Affordable Purchase Shared Equity Scheme looks set to be enacted into legislation soon. The scheme is available to all first time buyers of new-build properties. This scheme is for those would-be buyers who are paying high rents but would prefer to be homeowners. Many buyers are locked out of the property…
  • House prices rose 9.5% annually in second quarter
    Dublin house price inflation has doubled over the past six months while values rose at faster rates in Cork and Limerick. The asking prices for houses rose 3.8% through the second three months of this year to an average of €311,874. That figure was 9.5% more than during the same period in 2021, while the…
  • Tenancies of Unlimited Duration
    On the 11th June 2022, Tenancies of Unlimited Duration were introduced into law. This change provides more security of tenure for tenants. It means that, after six months living in a tenancy, the tenant will have a right to remain in the property for an unlimited duration. Key changes: A landlord no longer has this…
  • HAP discretion rate to increase by up to 35%
    An increase in the Housing Assistance Payment discretion rate of up to 35% from next month. This means that local authorities can now pay up to 35% more than the current set HAP rates – which differs between local authorities. This will apply to new HAP tenancies from next month. This would secure and expand…
  • Expenses Landlords Can Claim
    There are a lot of expenses that you can claim in order to reduce your tax liability. Tax can be confusing, and many Landlords are unsure of their obligations and entitlements, meaning landlords often don’t claim back what you are entitled to and miss out on potential savings. Allowable expenses include: Residential Tenancies Board (RTB)…
  • Households in receipt of HAP being removed from Government housing waiting list
    The number of households in need of social housing is likely to double according to a report from the Parliamentary Budget Office (PBO). The removal of households in receipt of the HAP from housing waiting lists has the potential to mask the true extent of social housing needs. Under legislation, their housing need is deemed…
  • Tax on vacant homes to be recommended by Oireachtas committee
    A vacant homes tax to be considered by Government while a forthcoming zoned land tax could be increased beyond the planned 3% rate, from a new Oireachtas committee report. The report will also recommend an increase in the maximum funding available under the Repair and Leasing Scheme from the current limit of €60,000. The scheme…
  • Vacant social homes to be made available for Ukrainian refugees in Ireland
    Vacant social homes will be brought back into use for Ukrainian refugees. Minister for Housing Darragh O’Brien is expected to bring a memo to Cabinet outlining medium and long-term plans to address acute accommodation pressures. The Cabinet was warned last week that all accommodation types could be at maximum capacity by the last week of…
  • Property price growth reaches 15.3% in February
    Property prices rose by 15.3% on an annual basis in February. Prices in Dublin rose by 13.5% while prices in the rest of the country rose by almost 17%. There was a very slight decrease in the rate of property price increases from January to February compared to the previous month and a slightly lower…
  • Fair Deal rule change
    Changes to the Fair Deal rules that could free up to 8,000 homes for rental are under consideration as part of the Government’s response to house Ukrainian refugees. The Fair Deal Scheme is a scheme of financial support for people who require long-term nursing home care in Ireland.  Under the current rules, 80% of rental…
  • Property tax warning for Irish homeowners who have not paid
    Revenue will contact up to 300,000 property owners over the coming weeks as a reminder to submit their Local Property Tax  for the valuation period 2022- 2025. LPT was due for submission by property owners to Revenue in November 2021. So far 1.7 million properties have been made for returns. A further 300,000 properties are…
  • Cabinet approves new scheme for private sector pensions
    Cabinet agreed to draft legislation for a new pension scheme for private sector workers. It is estimated that just 35% of private sector workers have a pension. The new scheme will cost the Exchequer almost €3 billion every ten years and is due to come into effect from 2024. For example a worker earning €35,000…
  • There has been an increase of 2.4% in house prices since 2022 began
    House prices have risen by 2.4% in the Republic of Ireland since the year began. The average price of a home nationwide now just over €299,000 in the first quarter of the year – an 8.4% increase on the same period last year. The average price nationwide is only 19% below the peak seen in…
  • New RTB Registration Update
    RTB Annual Tenancy Registration is coming into effect from the 4th of April 2022. Landlords must now register their tenancy every year, within one month of the anniversary of when that tenancy began. This change will apply to new and existing tenancies. There is a four-month transition period, when no late fees will be charged…
  • Over the course of the past year, home prices across the country have increased by almost 15%
    Prices for residential properties in Ireland rose by 14.8% in the 12 months leading up to January 2022. A home purchased in the past 12 months in Dublin increased by 13.3% and in the rest of the country by 16%. The median house price nationally increased by €280,000. Among the regions outside of Dublin with…
  • Experts advise that you get a home loan quickly because interest rates are set to rise
    Househunters have been advised to get a mortgage quickly as interest rates are set to rise. Experts have warned costs could go up after ICS Mortgages became the first provider to increase its fixed rates. ICS announced a rate increase on all of its fixed mortgage deals with immediate effect. The rises in rates are…
  • Housing construction still hasn’t returned to pre-pandemic levels
    In spite of soaring house prices, house-building hasn’t returned to its pre-pandemic levels. This will cause concern among thousands of prospective buyers eager to purchase a home. The Central Statistics Office reported on Wednesday that building work remains lower than pre-pandemic levels, with construction in the last three months of 2021 down 6.3% compared to…
  • Electricity Costs (Domestic Electricity Accounts) Emergency Measures Act 2022
    The Electricity Costs (Domestic Electricity Accounts) Emergency Measures Act 2022 was signed into law on 04/03/2022 establishing the Electricity Costs Emergency Benefit Scheme which will allow for €200 (inclusive of VAT) to be credited to all domestic electricity accounts. The €176.22 credit line (ex VAT) is the amount consumers will see as a credit line…
  • Hack to stop window condensation – but it may sound a bit crazy
    Are you waking up each morning and find your windows dripping with condensation? Is this gradually making the frames damp and mouldy? Then we might have found a solution for you! One of the most affordable solutions is to try getting some cat litter and a sock. This may seem crazy, but putting cat litter…
  • New proposals to treat divorced and separated couples as first-time buyers
    Divorced people will get a second chance to be home owners after a relationship breakdown under measures designed to recognise how “Ireland has changed”. New proposals will treat divorced and separated people, who no longer have a stake in the family home, as first-time buyers in certain cases. Divorced and separated people, after they move…
  • Rent is the biggest financial burden for two-thirds of Irish adults, with older people experiencing the worst problems
    Two-thirds of people who are renting in Ireland are struggling to make their monthly payments. The renting crisis is often seen as a young people’s issue, those in the 45-54 age bracket, are finding it the most difficult to cope, with 71% of those within this having difficulties meeting payments. Older renters, who are aged…
  • Tax on vacant homes of 3% proposed to combat housing crisis
    Homes vacant for more than six months will face a tax of 3% of market value under a proposed law. The new Bill, published on 22/02/2022, has proposed a range of measures to tackle vacancy and dereliction including hitting owners of property left unoccupied for more than 180 days with the charge. Properties that would…
  • What is the right amount of time to allocate to a property’s repairs and maintenance
    A landlord is required under law to maintain the exterior and interior of a property and to carry out any necessary repairs in a timely fashion ensuring the property meets certain basic minimum standards. Although there are no specific timeframes, below is a general timeframe given for each issue. Timeframes for Repairs and Maintenance: Emergency:…
  • As the number of rental properties available decreases, rents rise sharply
    The number of homes available to rent have fallen close to a historic low, while rents have increased sharply, according to figures from property website Daft.ie. There were fewer than 1,400 properties to rent nationally on Daft at the beginning of February 2022. In Dublin, there were just 712 properties available, the lowest level since…
  • 90% of rental properties unavailable to HAP recipients
    9/10 rental properties in Ireland were unavailable to receivers of the Housing Assistance Payment (HAP) last year. While the number of properties to rent increased from October to December 2021, it was still 51% lower than the number of available rental properties in December 2020. There were 148 properties available within HAP limits, representing 11%…
  • Housing for All: Q4 2021 Progress Report
    The government published the Q4 2021 quarterly update on progress of the implementation of Housing for All. The report shows significant progress towards the government’s goal of increasing housing supply by 33,000 units per year, and reforming the housing system to ensure sustainability. Recent data gives confidence that the targets for delivery of homes for…
  • A look at what to expect for a mortgage application in 2022
    What can those looking to buy in 2022 anticipate, as they seek approval for a mortgage? Proof of Income: The bank will need proof of income in order to approve your mortgage request if you are self-employed, on a part-time basis, or employed on a contract basis. Although there can be exceptions to this rule,…
  • Home ownership collapses due to rising rents and prices
    Rising rents and house prices has triggered a “collapse” in home ownership rates among adults of prime working age (25-54) in the Republic.House prices are now six to seven times average salaries, making housing “severely unaffordable” for many workers. Since the 2008 financial crisis, earnings have declined and become stagnant for several years and have…
  • Stand out from the crowd with your rental email enquiry
    How do you set yourself ahead of everyone else when you are sending an application for your dream home?  Creating rental email enquiries can take a bit of time to get ready. You want to make yourself stand out so a good first impression is essential. Tenants are not always aware of how to impress…
  • House prices expected to rise by 5% due to low supply
    Property prices are expected to rise by about 5% this year as supply shortages, demand is high and pandemic savings continue to drive activity. A survey carried out showed 90% of 189 estate agents surveyed in December expect property prices to increase this year, ranging from a 5% increase in Dublin, Leinster and Munster. A…
  • Grim outlook for house prices in 2022
    A 9.7% increase in asking prices for residential properties nationwide in 2021, alongside a record low of 11,300 homes listed for sale on MyHome.ie. In Dublin the rate of asking-price inflation rose by 7.4%, and by 10.6% elsewhere around the country.  Prices also rose sharply by 1.2% in Q4 during the normally quiet winter months….
  • Banks lending more money
    Banks are lending more money to homebuyers than during the build-up to the 2008 property market crash with fewer houses than ever available. Average asking prices for homes rose 9.7% across the Ireland last year, to €290,000. Banks are increasing the amounts loaned to those they are approving for mortgages, particularly anyone who already owns…
  • Earnest Christmas and New Years update
    Earnest estate agents Please note that our offices will closed from the 24th of December and will reopen on Tuesday the 4th of January 2022. For any of our tenants please note you can contact our emergency service on 018728808. Please note that this number will be used for emergencies only and as such emergencies…
  • The rental market is losing landlords at an increasing rate
    According to the latest figures, a number of landlords selling their properties and leaving the market has risen yet again. A total of 550 landlords left the market this autumn alone, an average of 46 a week.  So far this year, 2,080 landlords have left the market. In 2020, 1,902 landlords left the market. The…
  • extending rent pressure zones
    Rents across the country grew at their highest rate since 2017 in the third quarter of this year. RTB Rent Index Shows 8.3% Annual Increase in National Rent Price in Q3 2021. There was a 31% fall in the number of tenancies registered nationally when compared to Q3 2019. The average monthly rent at present…
  • Rent increases capped and change to part 4 lease agreement
    The Residential Tenancies (Amendment) (No. 2) Act 2021 commenced on the 11th December 2021. The new laws brought in are: Rent increases in Rent Pressure Zones are restricted from exceeding general inflation and will be subject to a cap of 2% per year. If inflation is below 2% you will have to go by the…
  • Tax implications when raffling your home
    The latest trend you’ll probably have seen on social media, newspapers and banners in towns is the raffling off homes and other assets. People are either doing it as a means of “selling” their property, or to raise funds for charitable causes. These raffles work by giving you the chance to win a new home…
  • HAP tenants risk losing rent supplement if they decide to move
    Are you a HAP tenant and thinking of moving? If so make sure you are aware of the following. According to the Local Authority, individuals or families who have held a HAP tenancy for 2 years or longer and have an up to date rent account, can apply to transfer their HAP to another property….
  • 10 steps to becoming a landlord
    Research Learn how to start investing in a rental property by learning what goes into owning rental real estate. Learn how to research markets, analyse investment properties, and how to manage tenants and properties. Determine your investment criteria Once you understand what becoming a landlord entails and how to invest in rental property, you’ll want…
  • “Vacant property tax” date to be decided
    A vacant property tax will be introduced ‘as early as possible according to Finance Minister Paschal Donohoe. A vacant property tax is looking to come in after Revenue has collected information on vacant homes as part of the local property tax reform. A total of 92,135 residential homes across the country are lying empty, according…
  • Third of properties registered with revenue are undervaluing their property
    One third of homeowners are claiming that their homes have a low valuation when it comes to paying property tax. 1.57 million Property tax returns have been completed so far. There are still roughly 400,000 properties yet to be filed with Revenue. According to the reports a third of the registered properties have been valued…
  • Dublin ranked fifth busiest real estate market in Europe
    Dublin is the fifth busiest real estate market in Europe with more than €3 billion invested between the end of last year and the third quarter of 2021. This puts Dublin on a par with Paris and ahead of cities such as Oslo, Milan and Manchester. London came top with €16 billion of capital inflows,…
  • News update for Landlords
    The new Residential Tenancies (Amendment) (No. 2) Bill 2021 will cap rent increases at 2% per year in Rent Pressure Zones (RPZs). The new cap will only operate when general inflation is higher than 2%. The Bill will also provide for tenancies of unlimited duration. This was a key point under the government’s recently published…
  • Landlords calling it a day as 64,000 fewer homes to rent in Ireland
    Wednesday revealed the extent of the housing crisis in Ireland after it showed there are 64,000 fewer homes to rent today than five years ago. The number of rentals has fallen from almost 341,000 in 2017 to under 277,000 now, a drop of nearly 20%. Dubliners pay the highest proportion of their income in rent…
  • Rents continue to rise in Ireland
    The number of homes to rent across Ireland has dropped to an “all-time low” according to Daft.ie. In its latest quarterly rental report, there were just 1,460 homes available to rent on 1 November. This is the lowest amount of properties available to rent since Daft began tracking availability in January 2006. In Dublin there…
  • New rental properties may be cause of higher rents
    New rental properties or new tenancies exempt from Government rent pressure zone legislation may be the reason why rent controls have failed curb rent inflation. Rents rose at an average rate of 7 per cent in the second quarter of 2021 to stand at €1,323 per month nationally and €1,848 per month in Dublin. Data…
  • Property prices surge 11pc
    THE cost-of-living has strengthened with general prices rising at a rate not seen for more than a decade and property values growing at double-digit rates. Property prices rose 11% in the year to August, the fastest rate of increase in three years with general prices rising at a rate of 3.7%, pushed up by energy,…
  • How Vacant buildings could help ease housing crisis
    Vacant buildings around the country are being left to slowly decay during a time when the need for housing is at an unprecedented level. The prospect of a tax on vacant homes, in a bid to motivate owners to either sell them or restore them to an inhabitable state was not brought in during the…
  • Number of people switching their mortgage is highest on record
    As inflation bites across the board, the number of people switching their mortgage is at the highest level on record, figures reveal. It comes amid a backdrop of thousands of hopeful homebuyers being pressed out of the market by a shortage of properties for sale. Switching mortgages grew strongly in September, with volumes up by…
  • Rent increase cap of 2pc to come into force next month
    A cap on rent increases of as little as 2pc could come into force as early as next month. The Housing Minister is doing up the new measures, which would see rents rising in line with general inflation to a maximum value of 2pc. The measure was introduced as there were concerns that landlords were…
  • Local Property Tax Valuation Update
    You may already have been contacted by Revenue with regards to your Local Property Tax. If you have your property is liable for Local Property Tax (LPT) for 2022 if it is a residential property on the valuation date of 1 November 2021. LPT is a self-assessed tax. This means that you need to self-assess…
  • House Prices Rise By 9% Over The Last Year
    House Prices in Ireland have risen by 9% from Q3 2020 – Q3 2021. As the supply of homes remain severely restricted. Two separate reports by property websites Daft.ie and Myhome.ie found a major increase in prices over the past year, while noting that the availability of properties for sale has dropped significantly. The Daft…
  • Central Bank to make decision on shared-equity housing scheme
    The Central Bank is to make a decision in November on whether the banks can participate in the Government’s proposed shared-equity housing scheme. They are considering “the interaction” between its mortgage rules and the Government’s proposed scheme. Housing Minister Darragh O’Brien was forced to clear up his remarks after opposition parties accused him of “misleading”…
  • How to dispose of your rubbish correctly
    There’s been a big change to the household recycling rules for Ireland. All plastic packaging – including soft plastic – can now be disposed of in your household recycling bin, once it is ‘clean, dry and loose.’ It comes in the wake of technology upgrades at recycling centres in Ireland. Any plastics which can’t be…
  • Record number of mortgages approved last month
    A record €1.3billion worth of mortgages were approved last month. More than 5,000 loans approved are worth an average of almost €255,000 each, which, under the Central Bank’s mortgage rules, means the average borrower with a 20% deposit can buy a home worth almost €319,000. The amount is around €11,000 above the current average house…
  • Glenveagh home buyers already lined up for all its 2021 homes
    Housebuilder Glenveagh says it has sold, signed, or reserved all the 1,150 homes that it expects to deliver in 2021. And it has already seen buyers reserve 300 homes that will not come on stream until next year. Glenveagh chief executive Stephen Garvey said the company was focused on “ramping up to 3,000 units” a…
  • Vacant property tax to feature in Housing For All plan
    A vacant property tax looks set to feature in the Government’s new Housing for All plan with a vacant sites tax also under consideration. Owners of vacant homes now have to declare their unused houses to the Revenue Commissioners and explain why they are empty and this information will be needed first. There is increasing…
  • Property prices to rise over the next 3 years
    The majority of people expect property prices to continue to rise over the next three years. The strong rise in prices is being powered by the fact there is so little supply on the market. While house price inflation is also likely to climb to 12 per cent this year. With the supply so low…
  • House price growth accelerates to 6.9% as pandemic fuels market
    Property prices rose at an annual rate of 6.9 per cent in June, up from 5.4 per cent the previous month. This was the fastest level of growth seen in 2½ years. This goes to show the State’s property market still continues to be stoked by pandemic-related factors, such as increased savings and low supply….
  • Government’s new ‘Housing For All’ plan to be released this week
    The government’s plan to tackle the housing crisis will aim to deliver 300,000 new homes by the end of 2030 under a €4 billion per-year strategy. The Housing for All plan will be published today and will commit to a €4 billion annual investment in housing and set annual targets across social, affordable and cost…
  • Update on Rent Reviews
    The Residential Tenancies (No. 2) Bill 2021 was signed into law by the  President Michael D Higgins last Friday. This means that from the 16th of July you can no longer apply a 4% rent increase and must instead link any rent increases on properties in Rent Pressure Zones (RPZs) to inflation. The Bill ensures…
  • Changes to the current RPZ increases
    Rent increases in rent pressure zones (RPZs) are to be capped in line with inflation. Rent controls were introduced in December 2016. These controls mean that landlords of properties in rent pressure zones cannot increase rents by more than 4 per cent a year. The Department of Housing issued a statement on Wednesday saying the…
  • House prices surge as demand outstrips supply
    House prices have surged by more than 13 per cent in the past 12 months. Property websites myhome.ie and daft.ie both recorded a major pick-up in headline inflation in their latest quarterly reports as the demand for homes heavily outweighs the supply. The typical asking price for a home nationally rose by 13 per cent…
  • New 30 year fixed rate mortgage
    The mortgage market looks set to intensify with the announcement from Avant Money that it is to begin offering long-term fixed rates, including the first 30-year fixed rate in the Irish market. It will enable borrowers to fix for the entire term of their mortgage, with rates for the 30-year term starting at 2.85% for…
  • Expert says house prices will ‘go beyond Celtic Tiger levels’
    House prices will ‘go beyond Celtic Tiger levels’ without dramatic changes in policy, according to a housing expert. It comes as Tánaiste Leo Varadkar has set a target of building 40,000 new homes a year, warning that home ownership is now ‘out of reach for far too many’. Mr Varadkar said the target was not…
  • Residential Tenancies (No 2) Bill 2021
    The Residential Tenancies (No 2) Bill 2021 got announced on the 9th of June and here are the new protections under the new Bill. Any upfront payment upon the commencement of a tenancy will be restricted to a total value that does not exceed two months’ rent i.e. a deposit and one month rent in…
  • Property tax rise
    At least a third (36%) of Irish homeowners will see their local property tax go up from next year, and every home in the country liable for the tax will be revalued. In addition, 100,000 more homeowners face paying the tax liability from next year after the Government decided to end exemptions on homes built…
  • Housing crisis: Rental costs have doubled in over a decade
    The new average monthly rent for renting a property in Ireland now lies at €1,443 as of the first quarter of 2021. This has been the biggest nationwide increase in rents despite rents going down in Dublin. From Dafts latest report we can see that the rents have gone up 2.1% in the first quarter…
  • B&B’s need travel sector reopened
    Micheál Stapleton from B&B Ireland says “measures for international travel for the summer months need to be announced without delay so travellers from countries such as America, who typically plan their trips far in advance, are not lost entirely this year.” This means for the B&B sector to survive they will need the government to…
  • Affordable Housing Bill
    New affordable housing for first-time buyers, the Housing Minister has said. Cabinet unanimously approved the Affordable Housing Bill 2021. More than 6,000 homes will be built over the next four years under this new scheme. Darragh O’Brien said “It is the most comprehensive legislation that has been brought forward for affordable housing.” The shared equity…
  • What to do when fuse box is tripping
    If something is tripping the fuse box you should follow these instructions. Turn off the power at the fuse board by pushing all the switches down. See image below with all fuses down. Unplug EVERYTHING that you have access to in the property including the tv, kettle, phone charger, lamps etc. This means taking all…
  • New affordable housing bill to boost supply
    Members of the Cabinet will discuss the Affordable Housing Bill being brought forward by minister Darragh O’Brien. The Bill has been criticised by aspects including its shared equity scheme for first-time buyers. The Housing Minister said the bill has “affordability measures at its absolute core”. O’Brien said the bill has four major aspects: Scheme of…
  • First time buyer? Here’s some tips
    When searching for your first new home, it can be quite intimidating at first. With these helpful tips it should make that process that bit easier How much house can you really afford? The bank might be willing to approve you for a large mortgage – but can you really afford it? Before house hunting,…
  • Property market update
    The pandemic marks an extraordinary shock to housing demand with the average cost of a home in Ireland now estimated to be €275,751. Unemployment is estimated to be up 20% every month since March 2020. With unemployment so high and demand so low you would think of a decline in prices. What has happened over…
  • Garden ready for summer
    The lead up to summer can be quite stressful if your garden isn’t looking up to good standard. Here is a patio cleaning guide to get your garden in the best condition possible. Using a pressure washer to clean your patio and paths will make them look much better and stop them becoming dangerously slippery…
  • Covid-19 Rent Supplement
    There are new Rent Supplement rules for applicants who apply on or after 13 March 2020. These rules will be in place until 30 June 2021: You can qualify for Rent Supplement if you or your partner are working more than 30 hours per week and you have had a reduction in your income from…
  • Residential Tenancies Bill 2021
    The Cabinet agreed some time ago to extend the protections set out in the Residential Tenancies and Valuation Act 2020 for tenants who have fallen into rent arrears as a result of Covid-19, and are at risk of losing their tenancy. The Residential Tenancies Bill 2021 which came before the Dail this week outlines Covid-19…
  • Most Recent Covid 19 measures
    The most recent Covid 19 measures to curb the spread of the virus Garda checkpoints will be set up outside airports and ports to stop non-essential travel, with increased fines for those leaving for non-essential purposes – including an increased fine over the €100 currently in place. It is understood that this could be increased…
  • 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 has…
  • 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…
  • Tenants may be in for a big shock!
    Tenants may be in for a big shock! Did you know that tenants moving out in January and February risk losing their security deposit and possibly even owing a lot more to their landlords? A moratorium on evictions is in place from the 31st December 2020 and is due to expire on 10th February 2021…
  • 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 lot of…
  • Earnest Level 5
    Since March 2020 we have been operating our business under the regulators guidelines and continue to do that under Level 5 restrictions. Our staff will work remotely where possible and all precautions are taken to keep everyone involved safe.  Below is a basic overview of our level 5 guidelines: Office Our offices will be closed…
  • Earnest Level 5
    Since March 2020 we have been operating our business under the regulators guidelines and continue to do that under Level 5 restrictions. Our staff will work remotely where possible and all precautions are taken to keep everyone involved safe.  Below is a basic overview of our level 5 guidelines: Office Our offices will be closed…
  • Why to invest in Bitcoin today
    Why to invest in Bitcoin Bitcoin is hitting all-time high prices – so are there still good reasons to buy Bitcoin in 2021? If you look back through bitcoins history you will see in 2017 that the crypto currency had hit an all-time high of $20,000. This however didn’t last quite long as in 2018…
  • HOUSE PRICES JUMP 7.4% IN 2020, AS SUPPLY FALLS
    Daft.ie released their House Price Report for Q4 2020 was a strange year for the housing market.  Throughout the second quarter of the year the prices of houses had fallen but come the third quarter of the year they rose back up again and rose a further 2.2% in the final quarter of the year…
  • Top 10 New Years Resolutions for 2021
    Top 10 New Years Resolution ideas   Budget your money This January make a vow to start saving more money. First and foremost, saving money is important because it helps protect you in the event of a financial emergency. By also saving money it can help you pay for large purchases, avoid debt, reduce your…
  • 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…
  • 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…
  • Ideas: Kitchens on Instagram!
    Kitchens really are the heart of the home. It’s where we cook, eat, entertain and chat, so it’s important to create a design scheme that ticks all these boxes – and more. We’ve gathered all best cooking hubs on Instagram – from country casual to sleek and modern. Which one inspires you most?   A…
  • 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…
  • Two ways a 4% rent cap endangers tenancies
    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…
  • Average rents to soar above €2000 per month
    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…
  • Tenants and young families forgotten in Budget 2017
    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…
  • Mortgage lending limits reducing housing supply
    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…

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