Irish economy projected to make gains

According to a report posted by Ernst & Young (EY), one of the Big Four accounting firms, the Irish economy is seemingly on the rise. This multinational company with HQ in London, England, United Kingdom has been investigating the health of the Irish economy.

Through their research, the company found insight that allowed them to project how the Irish GDP will grow within the current year. As of now, they have estimated that the economy is to grow by 4.1%. This number is consistent with that of the Central Banks, who projected growth of 4%.

These numbers are based solely on the first three months of 2019, and are bound to change with more and more information collection. As of now, their predictions are based largely on substantial corporate tax returns and the addition of new jobs into the market.

Although there are significant positive projections associated with these findings, there are many possible repercussions. One of the most prevalent issues would be the lack of resources available within the Irish economy, but especially around Dublin, to be …

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Dart and Luas location spikes home prices

Location has always played a substantial role in the pricing of property, especially in major cities. Comparing prices of rent or total purchasing price of business, commercial and residential properties, it seems that this is a common trend across the world.

In Dublin, this also reigns true. New research from Daft.ie has shown that if you are a renter located near the Dart or Luas, your rent can be up to 12% higher than that of those a bit further from these modes of transportation, with Luas red line stops topping the charts. Rent in Dublin has averaged €2,000 per month in 2019, while more conveniently located renters paid a premium of up to €3,500 per month.

On the coast, there is also an influx in prices due to its prime location from some of Dublin’s quickest modes of transportation. This is not unwarranted though, given that the Luas and Dart decrease travel time significantly. Time is very valuable, especially for commuters into or a bit outside of the city.

As a student at UCD this summer, …

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Housing market equilibrium missing it’s mark

According to the most recent Real Estate Alliance house price survey, Dublin’s property prices have decreased by €7500 in the last quarter. Additionally, the price of a three-bedroom semi-detached home on average has decreased by 1.7% since the end of December 2018.

Although these numbers seem to be a sign of positive economic advancements, there are a multitude of barriers that keep the people of Dublin from having a choice in regards to their current living situation.

One of the largest obstructions for both home buyers and banks is the ominous outlook of the Irish economy post-Brexit. Without a clear idea about how the UK’s secession from the EU will affect the Irish Market, banks and buyers alike are being cautious of how and when they give out their money.

For the most part, housing purchases below €350,000 have still been steadily occurring due to affordability of loans and sheer price of the home. This combination allows for increased certainty for banks that their consumer will be able to repay their monthly balance across the term of …

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