What Brexit Means for the Housing Market.

How will Brexit affect the Ireland housing market? A question wondered by many citizens in Ireland, especially those currently active in the housing market.

Though not all bad, the housing market could be negatively impacted by the loss of international buyers.

As the nation watched as the British pound lost value by 10% with the referendum result being announced, and has dropped even more since then, housing in Ireland just got significantly more expensive for British buyers.

With current housing prices already being considered too high, for all buyers, international or not, the prospects of buying just got much more difficult for anyone newly searching.

The Irish Times reported recently that 60% of buyers of top-end homes are international, while 40% being more specifically from the UK.

By top-end homes, the Times is reporting numbers of €1 million and over homes. Meaning, the rest of the market, while without statistics from the Irish Times is also highly diluted by foreign investors.

Citizens looking to permanently move should not have much of an impact in their quest to buy as it …

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MyHome.ie Property Investor Report, 1st March 2012

We are please to bring you some interesting analysis on the residential investment property market in 2012. A big thanks in advance to MyHome.ie who made this possible by giving access to their data. You can get the report here or by clicking on the image to the right.

It was created by Karl Deeter of this firm and Frank Quinn, a lecturer in valuations at Senior College Dun Laoghaire. The valuation models used are Discounted Cashflows, the Investment Method and one developed by Karl which is an after tax comparison against bank deposit returns.

Tom Dunne of Dublin Institute of Technology Bolton Street kindly critiqued the report.

The general findings were that property is still overpriced in our main cities for investors (buyers face different costs/taxes/incentives). This over-valuation will adjust but one big inhibitor to investing in property at present is the taxation of it.

The coverage thus far (eg:

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Rent or Buy Report: 2010 Towards a modest conclusion, by Peter Stafford, Frank Quinn and Karl Deeter

The ‘Rent or Buy?’ report was featured on RTE1 ‘Drive Time with Mary Wilson‘ yesterday, it was prepared by Dr. Peter Stafford (Independent economist recently taken on by the Society of Chartered Surveyors), Karl Deeter (of Irish Mortgage Brokers) and Frank Quinn (of Senior College Dun Laoghaire). In the report we ran six different future scenarios with a view to determining whether it made better sense to rent or buy a property.

The findings are in the report, you can download it by clicking on the image to the left.

Our findings were fairly consistent, showing that in almost every future scenario that renting makes better sense from a cost perspective than buying does. The times that buying is better is in an upward only market and a flat market.

That may help to put numbers …

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Newstalk Business Breakfast with Conor Brophy, 6th July 2010

Today we were delighted to do the first of what will hopefully be a regular slot on the Business section of the Breakfast Show on Newstalk 106 with Conor Brophy. The topic today was that of Site Value Taxation (we had an article in the Sunday Times about it this week), property prices and then a mention of our Investment Property Profile which was done in association with PropertyWeek.ie and ODKM Architects in Terenure.

We looked at some properties in the Dublin market that might obtain a 7% yield, they require some work (sweat equity!) and although they all didn’t come out at 7% some were above 6%. This is helping to reinforce the believe that the market in general has not rationalised but that in particular you can find good value if you look for it.

Aidan McLoughlin of of the Independent Trustee Company was also there with …

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Irish Property Investor Report: Spring 2010

We are pleased to release our new Irish Property Investor Report for the Spring of 2010 (click on the picture to view it). The people that put it together this time were Frank Quinn (IPAV), Lecturer in Valuations at Senior College Dun Laoghaire and Irish Mortgage Brokers.

The property figures were provided by PropertyWeek.ie (who also run a non-practitioner site at MyHat.ie) and a critique of the report and methodology (which we deemed  necessary in the spirit of balance) was carried out by Iain Nash.

The news is not positive, we have determined, using our valuation methods; that property as an investment is still unattractive in the spring of 2010, in order for it to make sense prices would need to fall significantly in our major cities in the range of about 39% on average.

Having said that, this report looks at averages and it can’t …

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Residential investment property report: Q3 2009

We are pleased to bring you the winter edition of our Residential Property Investor report for 2009.

(Click on the picture to the left to download it)

This time we teamed up with our friends at propertyweek.ie and MyHat.ie as well as with Frank Quinn who is a lecturer in Property Valuations in Senior College Dun Laoghaire to bring you what we feel is a very comprehensive overview of the Irish investment property market.

We used four different methodologies to look at valuations, discounted cash-flows, the investor method of property valuations, and then two unique versions that look at the performance of a property versus bank deposits factoring taxation in both leveraged and un-leveraged examples.

We have published the analysis element of what we have done and welcome any critique readers may have, we accept that every variance and eventuality can never be fully covered, having …

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Isreal, a business and innovation leader under fire

I thought this was a fascinating clip, Israel is a country surrounded on all sides by people who want to remove them and despite the odds being stacked against the nation they have found ways to attract venture capital, to capitalise business ideas and grow businesses in this environment, even in during the worlds largest financial catastrophe in living memory, it is a testament to the fact that innovation can be nourished under any circumstances, and perhaps that desperation is the father of invention.

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Investment Property Report Q1 2009

We are pleased to bring you, in association with Propertyweek.ie, the investment property report for Q1 2009. To download the report just click here, or on the picture to the left.

The headline findings and information contained in this are based upon prices which are collated by Propertyweek, one of the most widely used valuer systems in the country, and financial calculations which were done by Irish Mortgage Brokers. Between the two companies we have combined our experience and knowledge in order to give an interpretation of the property market for investors.

The basis of comparison is as follows: anything with risk should carry a ‘risk premium’ versus the returns available on ‘low-to-no risk’ options (such as deposit interest). If deposits are outperforming investment property then there is no reason to assume the additional risk, equally, if this isn’t the case then there is an argument in favour of investing in property.

We hope you enjoy the report and if you have any questions feel free …

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