Caden Grimes Estates

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

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

Airbnb Properties Will Come Back To The Long Term Rental Market

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And It Can Be Good For Dublin Landlords……

The new legislation restricting short term stays to 90 days come into effect today (1st July 2019) and apply to properties where it is NOT the owner’s principal private residence but IS in a designated Rent Pressure Zone
You can apply for ‘change of use’ planning permission, but you are unlikely to get it.

If you are short-letting a room in your own home, the new rules do not apply, but you will need to register with your Local Authority

If you are short-letting a property OUTSIDE of the RPZ’s the rules DO NOT apply, but you DO need to apply for change of use. And you have to register with your council.

THIS IS serious – you can be fined up to €5,000 or get up to 6 months in prison – or both of the above!

Is this UNIQUE to Ireland? No – Barcelona, New York, San Fran, Paris, Amsterdam, Toronto, Vancouver, Berlin and a host (NPI!) more have introduced similar rules for similar reasons.

What does it mean for landlords?  Well it’s not all bad – long term rents are high, you won’t have to pay constant change out /cleaning fees, less wear and tear – and there are GREAT tenants out there.

 But New legislation has come in over the last few years which landlords need to be aware of – limited rent increases, equality, new standards in rented houses- All can be daunting.

Selling or Letting Your Property?
Caden Grimes Estates is licensed (001883) as an Estate Agent and Letting Agent with the PSRA
Info@CGestates.ie  01 9014480

Caden Grimes Estates. Pride and Professionalism In Property Services.

Rent Pressure Zones in Dublin and surrounding areas include:
All of the Dublin councils, Naas, Newbridge, Celbridge, Leixlip, Maynooth, Ashbourne, Ratoath, Navan, Bray, Greystones, Wicklow, Laytown/Bettystown, Drogheda

The Seven Deadly Sins of Relocating

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Relocating to Ireland? Congratulations. Ireland is genuinely a great country not alone to do business in, but to live and socialise.

Having said that, relocating to another country is a challenge – logistically and emotionally it can be a roller coaster, so to help you on the way, here are

The Seven Deadly Sins of Relocating

1. You have to focus on your new role
No – be fair to yourself – You need to prioritise: – work, home, partner or family, hobbies and social life. All of these are different in another country and all of them are important.

2. You want to replicatewhat you had back home
Don’t start with a fixed idea – this is an opportunity for change. If you’ve never lived by the sea – here’s your chance to move out of the city. If you’ve always lived in the hills, here’s a chance to live in the city. If you have a relocation agent, take an orientation trip with him or her. Keep your commute and your must-haves in mind, but at least be open to change.

3. The company allows me two weeks in a hotel, that’s plenty of time to find a home
Not in Dublin it’s not – the market is oversubscribed and there’s heavy competition for every letting that comes up. Local knowledge and support is critical – use Linkedin and Facebook If you don’t have a relocation agent, lean on your colleagues for help and advice.

4. There are certain things I must have in my apartment
The size, style and décor of properties here will probably differ greatly from back home, you have to see a cross section of properties to know what suits you best.
In this market you also need to know what you want when you see it and go for it.

5. Get your documentation in order.
Make an appointment for your PPSN (social services card). For non EU citizens make an appointment with the GNIB for your re-entry visa – that can take up to 6 weeks.
And opening a bank account is critical, you’ll need fast access to cash and of course for your salary.

6. Setting your budget
The cost of renting in Dublin is high, have a look at www.daft.ie or www.myhome.ie and allow €80 per month for utilities and €30-40 for broadband/internet.

7. And finally, Ireland is generally an open and friendly society, so enjoy it.
And it offers cheap and frequent flights to all of the major European cities too, so get ready to explore.