Daft Property - Irish Property News

Some Dublin rents among highest in EU despite decline... The relatively high rents for Dublin prime office and retail accommodation are highlighted by the latest Knight Frank summer survey of European rents and yields. Dublin's prime shopping centre rents, at €3,750 per sqm per year, are the second-most expensive of the 25 cities surveyed and surpassed only by London's West End, where rents average €5,556 per sqm. Parisian rents, at €2,000 per sqm, are little over half those in Dublin. Dublin shopping centre rents are the only ones to show declines. Keiron Diamond, director at Knight Frank Ireland, points out that many distressed tenants have secured rent reductions or other forms of deals with landlords, some of whom, however, are reluctant to publicly acknowledge rent cuts. The values of Dublin shopping centres have declined and this is also reflected in the yields, which at 7.75pc, shows the values are the fourth cheapest in Europe. Some might argue that the high

Ailesbury Road pad for sale at 6th of price... A PERIOD house on Dublin's Ailesbury Road will be offered for sale next month at €1.45m -- just a sixth of its boomtime value. The large residence, with one of the city's most desirable addresses, would have been valued at over €10m at the height of the property market. It is being priced at €1.45m in a sale of distressed properties on July 7 next. Another impressive Rathgar property, which is now divided into five self-contained flats, could have reached anything close to €2m at one stage, but has had its reserve set at €495,000. And a home at the foothills of the Dublin Mountains with almost an acre of land has been listed as one with offers from €450,000 -- slashed from more than €1m in 2006. The sales are part of three further auctions of distressed properties lined up for Dublin after the massive run on discounted houses earlier this year. Banks eager to get more properties off their books have turned to auctione

A new survey by the Royal Institute of Chartered Surveyors (RICS) has found that not only are current property prices in Ireland the worst in the world, but the outlook for Irish commercial property values is also dire ... After a decade of phenomenal rises, Irish property has hit its lowest level yet. It's a far cry from those halcyon days when five of the ten counties with the highest house-price growth in the UK over the past decade were in Northern Ireland, with County Armagh's prices more than trebling. Commercial property Irish commercial property prices fell for the first time in five years during the first quarter of this year in what has been termed as an ‘unprecedented reversal' of the once buoyant market. Returns in the quarter were the worst since 1995. Since the beginning of the year, the Irish property investment market has been characterised by a lack of transactional activity, with only £322 million of Irish investment deals signed in the six months to the e

Irish Property Market...Fact is Fiction & TV Reality? I love this!...A mockumentary video, used to promote a new property website for Ireland. This video fooled both the national broadcaster and city officials!