Caden Grimes Estates

Residential & Commercial Property Sales & Lettings | Lettings Management | Accommodation Outsourcing | Corporate Relocation

Household Buyers Face Competition in Dublin Property Market

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Sales - Residential

Slight Fall In Dublin House Prices – A Sign Of Things To Come Or A Brexit Blip?

The Central Statistics Office say that house prices in Dublin have fallen by 0.2% up to July this year.
Some 6,425 (new home) properties were bought, a drop of 6% on 2018. Of those, 4,434 were bought by householders and 1991 by ‘cuckoo funds’, local authorities and Approved Housing Bodies – that’s 1 in six of all new homes.
Cuckoo funds are so called because they snap up large blocks of new housing, squeezing out the household buyer. Typically they buy to rent in sought after areas and will charge top market rent. Local Authorities and AHB’s buy for social housing.

 According to Dermot O’Leary of Goodbody Stockbrokers ‘household’ buyers are down so far in 2019 by 6% while ‘non-household’ purchases were up by a huge 60%.

Caden Grimes Estates Is A Dublin Based Estate Agent, Sales And Lettings.
PSRA Licence Number 001883

The Banking and Payments Federation warned that people on low and middle incomes are effectively out of the housing market. Most people now need over €80,000 to be approved for a mortgage.
In a tight mortgage market, banks are risk averse and favour those in Government employment and the professions.

The Central Bank report a 75% rise in repossessions, up from 127 to 221 in the April to June quarter.

The Minister for Housing Eoghan Murphy insists that the housing crisis will be solved by the May 2020 General Election.

Sources:
Charlie Weston / Irish Independent; Dermot O’Leary / Goodbody Stockbrokers; CSO

Fforster Crescent 2Bed/2Bath For Sale – Video Here

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Superb For First Time Buyers – Or For Empty Nesters’ Trading Down.

2-Bed, 2-Bath spacious apartment in very good condition with gas heating, Virgin Media TV & Wifi, secluded patio and s/w facing garden.
On M4/M50, Liffey Valley, Grange Castle, Schools,
Superquinn, 8 Bus Routes

Contact Us : – Info@CGestates.ie 01 9014480
Pride and Professionalism In Property Services PSRA Licence # 001883
  • In Excellent Condition

Rents Break New Records In Dublin Property Yet Again

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Last quarter was 13th consecutive record breaking period

figures courtesy of Daft.ie

Average rents, and year-on-year change, as of the second quarter of 2019: 

  • Dublin: €2,023, up 4.5%
  • Cork: €1,366, up 7.9%
  • Galway: €1,297, up 9.1%
  • Limerick: €1,225, up 10.5%
  • Waterford: €1,013, up 10%
  • Rest of the country: €993, up 9.2%

Demand continues to far outstrip supply and on 1 May 2019, there were only 2,700 homes available to rent nationwide – the lowest number ever recorded.

New rent pressures zones came into effect in 19 locations last month, including areas in Waterford, Galway and Cork – counties which all experienced notable rent increases in the last quarter.  

Average mortgage much cheaper than average rent 

The average monthly rent in Irish cities is generally much higher than the monthly cost of a mortgage.

For example, the average mortgage in Dublin city centre is €1,488 per month, compared to the average monthly rent of €2,064 – that’s a 139% difference.

Caden Grimes Estates is a Dublin based Estate Agent licensed with the PSRA, licence 001883

Japanese Knotweed Can Invade Your Garden AND Your Home

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Seemed Like A Good Idea Back Then…..
But now it can knock €000’s of your home’s value

Japanese knotweed (fallopia japonica) only arrived in Europe in the 1840s, and was brought from Japan by the famous German planthunter Philip von Siebold. It was first introduced into cultivation in the west of Ireland as an exotic ornamental perennial.

Its statuesque silhouette, handsome foliage, vigorous growth habit and popularity with bees (they love its flowers) meant that it quickly found favour with gardeners, so much so that by the early 1900s the influential English plantswoman Gertrude Jekyll was praising its “quick growing ways”.

Deal With It Early

Repeated treatment over several growing seasons with a glyphosate-based systemic herbicide is one, although this should only be carried out according to strict guidelines (see pcs.agriculture.gov.ie/sud).

Another (the most time-efficient) is burial of infested soil/plant material on-site, in which case it is wrapped in an impermeable root barrier membrane and incarcerated to a depth of 3m. Yet another is the licensed excavation and transport of infested soil/ plant material to an approved waste facility.

For those clients looking for an organically-acceptable method of control, and who are willing to play the longer game in terms of efficient control, repeated regular cutting back of the plant over a period of several years is also sometimes sufficient.

Caden Grimes Estates is registered with the PSRA for the Selling and Letting of property, Licence 001883


Our thanks to Botanist and ecologist Dr Frances Giaquinto

Moving into your first place? Here’s what is worth investing in… and what’s not

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  • by LAUREN HESKIN In IMAGE Magazine
    Reproduced here by Caden Grimes Estates
Moving into your first place? Here's what is worth investing in... and what's not

Don’t go completely wild when you first find you need to fill your new home. There are some interiors items worth investing in and some items you can hold off on until you’re in your forever home.

When you first get your own place, you might be tempted to totally lose the run of yourself and your tiny pencil in Ikea, and finally get to snap up all the interiors pieces you’ve been drooling over. However, it can also get overwhelming just how much you needto buy. A bath mat, dishes, cutlery, furniture for every room, cleaning things, cushions, bedsheets, light fixtures and bulbs… It’s a lot.

Knowing what to invest in and when can be tricky, so have your thinking cap on when it comes to interiors shopping. You might love that expensive and beautiful dinner set, but can you afford to buy eight of each and do you have a place to put them? If not, it’ll be impossible to buy more when you eventually need them and, unless they’re neutral, you’ll be looking at mismatched plates for years to come.

However, there are some things that are worth spending your money on now and will see you through for years (and house moves) to come. Here’s our round-up of what you should invest in now, and what you should wait to buy later.

Invest in: A good armchair

Cube Bordeaux Chair, €529, Woo .Design

Whether your place is a shoebox and only has room for one piece of furniture and triple-jobs as lounging seat, desk chair and dinner table pull-in, or you have slightly more room, buying a gorgeous armchair will see you through numerous moves.

If you buy a small one it’ll work great as a bedroom or nursery chair in later years and it’s guaranteed to be the first thing you move in every place after this. That, and the kettle.

Don’t invest in: A sofa

Styles, room and requirements will change between this home and the next. Right now you might want that plush pale two-seater sofa, whereas next time you might want something that’ll hide stains and sticky fingerprints and one you can properly stretch out on. This isn’t to say you should buy a cheap one, we desperately need to move away from the current throwaway culture and that goes for small things like plastic toothbrushes to chunks difficult-to-recycle couches. Hunt through charity shops, ask your parents and family friends, check DoneDeal and Facebook sites. You’re bound to find out that, maybe you don’t love, but you can definitely tolerate.

Invest in: A luxury throw

Beyond Darkness blanket by Wild Cocoon, €350, Irish Design Shop

Remember that sofa you’re tolerating? A snug throw can cover all manner of sins, from a simple white Ikea throw to cover up a shabby chair or a beautiful blanket that you cuddle into every time you sit down. Being skint in your first place isn’t meant to be all hardship. Treat yourself to the small things and you’ll suddenly find that next time you look at that second-hand sofa, all you’ll see is your favourite blanket.

Don’t invest in: A rug

You should buy a rug for a room and it should neatly fit the shape and colouring of that space. A good rug is also worthy of investment, anyone who has been spent a few months hoovering up escaped threads from a cheap one will know why.

It’s simply not worth buying a rug unless you’re going to stay for the lifespan of that rug, otherwise, you’ll just be dragging it from room to room of your next home and finding it just doesn’t “work”.

Invest in: A good duvet

Via Ikea

My mother bought me a kingsize down feather duvet when I first moved out. At the time I thought she was being ridiculous (she bought in TK Maxx but still, they are not cheap) but I have thanked her for it a thousand times since. Unless you’re sleeping in a single bed or superking, a kingsize duvet will never be too big and it means that you can just buy kingsize sheets. It’ll stop a build-up of double, queen and king-sized sheets in your cupboard, keeping you on the straight and narrow from the get-go.

Invest a large, top-quality duvet and you will be patting yourself on the back every time you clamber into bed after a long day.

Don’t invest in: A bedframe

A divan will do for now or a good charity shop find will do for now. Your bedroom style will change and shift, as will the size of your bed probably, so don’t buy the dream bed frame in a double, only to have to relegate it to the spare bedroom in five years’ time.