No Deposit? No Worries!

In an inflated economy, saving up for a deposit can seem like the most difficult part of buying a home especially when most of your net income is going into paying rent and your monthly bills. While having a large deposit gives you the best chance of getting a good mortgage deal with a low interest rate and a bigger house, there are options available for people with lower deposits and government help to get you on the housing ladder.

The average first-time buyer puts down a 10% deposit on their first home, which could mean finding a daunting €30,000 (on a €300,000 property) or more. However, there are also a few government schemes to help first time buyers get on the property ladder. These include the Help to Buy & First home Shared equity scheme.

Although the Help to buy scheme only applies to new build properties, with the purchase price of less than €500,000 and has a maximum amount of €30,000 that you can claim (please see more information about the scheme on the Citizens information website or …

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Negative interest rates are both gone and here at the same time.

Many commentators are talking about the end of negative interest rates in nominal terms and it’s true, interest rates are rising but in real terms they are still negative. Look at mortgage rates (for instance), you can borrow at 3% and below and meanwhile you have property price appreciation at 15% meaning that in real terms you are paying -12%.

If you can ever get something on a continuous basis at -12% that indicates ‘buy’, and that’s what people are doing, but notice that we mentioned ‘continuous’, the reality is that there is no arbitrage most of the time and this will be closed down by either rising costs, falling prices or some other outcome that we can’t forsee. Trees don’t grow to the sky, they never have and never will so the trajectory of house prices must rationalise but it’s hard to see how or where at present because the demand side seems so demonstrably strong.

I bumped into Kieran McQuinn on Pearse Street today and in our brief chat mentioned how the price changes are not sustainable, he …

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Buying a home vs. Renting: Which is better?

Buying your home is one of the biggest financial decisions of your life. However, it is a big commitment and there are a lot of hidden costs and factors that can make it unaffordable for some. Because of the costliness of buying a home outright, many buyers turn to renting instead, especially in expensive housing markets like London, New York, and Hong Kong. Determining which option is best for you depends on a variety of factors, and not everyone’s situation is alike. To help with this important decision, let’s take a look at some of the key differences between buying and renting.

Buying

When buying a house, it’s likely you’ll need to apply for a mortgage. To get a mortgage, you need a deposit (usually at least 10% of the home’s value) and a steady income in order to make repayments. The greater your deposit and income, the more your bank or lender will be able to offer you. However, if you live in an expensive area, or have a low salary and little savings, buying may not be for …

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Commercial Real Estate Investment

 

Introduction

Any property can be a good investment. In this sense, commercial real estate is a property used solely to conduct business or generate income through renting or selling. This diverse group of properties includes a single store, warehouse, offices, shopping malls, hotels, apartments, vacant land, and warehouses.

Given the current population and economic growth trends in Ireland, many people are interested in buying and investing in commercial property. Moreover, emerging market cities are becoming increasingly concentrated among Ireland’s largest urban agglomerations, resulting in increased demand for commercial real estate.

 One thing to note is that before anyone decides to invest in the commercial market, it is vital to have a detailed understanding of the industry and all of its components. Moreover, the need for well-informed investment decisions is critical. When calculating appropriate returns and risks associated with a target asset and evaluating the potential contribution to property pricing of new market trends, commercial properties are the best way to invest.

Reasons to choose commercial real estate as a way of investing

Commercial real estate provides a plethora of …

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4 Ways to Invest In Apartment Buildings

 

It is obvious that investing in real estate is one of the best ways you can earn passive income and achieve financial freedom. However, making a decision to invest in apartment buildings needs you to consider various factors. Just like other types of real estate investment, there are various ways to get funding so that you can get started. The funding source depends on your level of investment, the amount of money you have, and the amount of time you want to spend. These are 4 best ways to invest in apartment buildings. 

Buy it yourself

This is the best way to do it. Despite the fact that this requires a lot of knowledge, capital, and time, it is the most rewarding method of investing in apartment buildings. As an investor, you will have the chance to make your own decisions and develop a good plan on how you need the investment to generate revenue. It is important to note that this method is best fit for those people who are ready to face psychological and financial demands required …

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How To Start a Rental Property Business?

 

Real estate is a challenging business, as obstacles can wipe out your profits if you are not careful. When planning to invest or starting a rental property business, selecting the suitable instruments for your rental property requires a lot of time, dedication, hard work, and strategic planning. This is especially true in the rental property management industry because owning a rental property is similar to walking on a road. Anything can happen; for instance, if the wind blows, you must maintain your balance and not fall apart, which will remain your responsibility throughout the journey.

Lessons on howstart a rental property business is similar to learning how to create almost any other company. As an investor, one must identify several vital elements to begin a good start.  These components and the systems and investors’ benchmarks are more successful with a proven plan for rental properties. Moreover, if you want to start a rental property business, there are several valuable lessons to learn from the experience. Meanwhile, here are some of the most critical steps to consider before planning to …

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How has remote working affected rent prices in Ireland?

Because of the pandemic, so many people across Ireland have transitioned to remote work. While reopening is underway, it will still be some time before the majority of the workforce is back in their offices. During the pandemic, many people who lived and worked in major cities like Dublin found themselves returning to their home counties due to the opportunity to work from home. The Residential Tenancies Board (RTB) has found that a trend may be beginning with this movement of people away from urban centers due to covid-19.

Rents have increased across the State in the first three months of 2021 when compared to that same time period from last year. But perhaps as a reflection of people’s shift to remote work, rents have seen their sharpest increases outside of Dublin. During the first three months of the year, rents as a whole have seen a rise of 4.5 percent compared to the first quarter of last year. The nationwide average rent in euros for this quarter comes out to be €1,320, an increase of €33 when compared with …

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4 Important Renovations to Increase the Value of your Home

 

If you are thinking about renovating your house, you need to begin by asking yourself if the project will add value to the property or not. There are many different quick and easy renovations which may change your home into an attractive, modern, and functional space. Even better, when you later sell the property, the return on investment will be really high. These are 4 renovations that will make your home more functional and modern. 

Bathroom renovations

Without a doubt, the your bathroom is one of the most important spaces in the home. When the bathroom is new, it can give off a good feeling of cleanliness. When you begin the process of renovating the home, ensure that the design is clean and that it has modern lines. Additionally, be sure to have grey and white colors at the center stage. Apart from a spacious shower, remember to paint the tiles, improve lighting, and install new fixtures. 

Kitchen remodeling

Kitchen renovation is one that adds the most value to your home since it transforms the space to a more …

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How to Buy an Apartment Building in Ireland

 

It s often very hard to comprehend how best to invest in apartment buildings. However, a good understanding of the 4 steps below will see to it that the entire process becomes more easy and successful. 

Be sure that you owning an apartment building is the right thing for you

Regardless of whether you are a novice in real estate or have already built up a portfolio, the most crucial question to explore is whether owning an apartment building is the right thing for you. There are many things to consider and these include time and cost. The costs associated with an apartment building include ongoing cash flow matrix and of course, the initial capital requirement. An apartment building requires a lot more management and involvement, like addressing issue to do with management, leasing paperwork, and dealing with the turnover of tenants. Prior to owning an apartment building, ensure that your finances and schedule are set up to cope with the change. 

Try to figure out the type of apartment building you want to buy

Apartments come in all …

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Impacts of technology on Irish Real Estate

 

Changes in consumer behavior and market conditions are slowly redefining the field of real estate technology. The Irish real estate market continues to expand, with investor interest keeping pace with the client base. Because this industry is unique, the technological impact on it may be felt in a particular manner. While this is going on, any real estate firm that wants to stay competitive will have to change. We can no longer ignore the evolution of real estate technology.

Moreover, individuals have remained at the heart of the service, advertising and advising customers on the best real estate property they buy or invest in using technology. Individual companies struggle to become undisputed leaders in the industry as it evolves to ensure customer loyalty, offering renewable energy solutions and intelligent houses beyond property products and services. Here are several ways in which technology can influence or is influencing the Irish real estate industry: –

Big Data: From driving business decisions to improving the customer experience, big data can significantly impact a company’s real estate. Many real estate companies collect a …

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