Daft Property - Irish Property News

Doomsday media coverage and the matter of the truth... A bit like the rain in a Frank McCourt novel, the bad news on the economy never stops pouring down on us. That picture of Ireland now seems firmly set in the opinion of the international media. Once the sick patient of Europe dutifully taking its medicine to help it get better, we are now, as the doctors might say, experiencing an adverse clinical event that is threatening our very life. The cure might be killing us. Last week's extremely disappointing news that the economy had contracted again by 1.2% in the second quarter added yet another symptom to the many more that erupted within just a few days: international bond market rates at record levels upping the price of government debt and therefore necessitating an even worse budget; long-term unemployment up; emigration up; 110,000 households in arrears on electricity and gas bills. The list of damaging symptoms was endless. All last week, international commentary from the Wa...

World reaction to Budget... The reaction to the Budget from European and US websites was wide ranging, with news organisations throughout the globe reporting on the new measures introduced by the Government. The story was picked up not only the usual large media organisations such as the BBC and the Independent, but also by papers less familiar to Irish taxpayers, such as Canada's Toronto Star. The Times online carried a short video clip about the emergency budget and what it would mean for Britain's economy. Describing it as a "bust budget" , the video said Minister for Finance Brian Lenihan was delivering his second emergency Budget in seventh months, describing it as a grim task for any finance minister. However, it pointed out that Ireland had some advantages over Britain, with a smaller national debt, and said that markets would now be looking to Britain's fiscal position. The accompanying article described the measures as a way to address the "runaway...

Talking Property... Give them what they want - a bargain... THE TIME has come to swallow your pride and scream from the rooftops. "WE NEED TO SELL - AND URGENTLY" Just as last season's designer garments fail to excite the fashionistas, your home, regardless of how highly it may once have been rated, will not now excite the chattering classes. Why? Because property is no longer considered a fashionable topic of conversation. In fact, it's a topic to be avoided at all costs these days. It is, as they say, a sore subject. However, on the bright side, the property website Daft has noticed a 35 per cent increase in browsers to their internet site this September compared with September 2007. Now, perhaps they are all nervous homeowners, checking daily to see by how much their property has dropped in value. Or perhaps there are a lot of window-shoppers out in cyberspace at the moment. But along with the above mentioned, I suspect that there may also be a number of potential ...

We're getting back to basics in these recessionary times... ANYONE WHO, like me, has only recently learned to appreciate the wonders of Lidl will not be surprised by Ulster Bank's recent revelation that spending took the biggest nosedive since 1983 in the first three quarters of this year and Irish consumers continue to spend cautiously in the run up to Christmas. There was a time when the stark lighting, the anaemic decor (would a cheery sunburst yellow colour scheme be out of the question Mr Lidl?) and that curiously earthy smell once you hit the door (what is that?) was enough to have some of us running to the more sweet smelling Superquinn for cover. But our priorities are changing and we're discovering that rampant parsimony has its thrills. The psyche of a nation, formed over 10 years of profligate spending, is under review and it's not just property we're holding back on, but household goods, which Ulster Bank attributes to the weakness in the housing market,...