Caden Grimes Estates

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

Petition To Freeze Rents & Mortgages Won’t Work

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Accumulated Debts Are Harder To Clear

Freezing rent and mortgages just pushes payment back to another day.
In these trying times we are going to have a lot of people out of work. Some will be paid as normal and won’t need assistance with rent payments. Others will be in receipt of €200-300 per week and can pay SOME of their rent and still live.
The Government must step in a propose a Govt-Tenant-Landlord-Bank solution that is fair to all.
When this crisis is over we will all be worse off. Accumulated rent or mortgage debt hanging over peoples heads will just make a bad situation worse.

Corona Virus Arrangements Property Viewings

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We are continuing viewing the sale and letting of properties, however we are managing our environment with strictly timed viewing schedules, social distancing, hand washes and anti-bacterial wiping of surfaces etc.
Viewers should practice best hygiene when on site.
We appreciate your cooperation in this difficult time.

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