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Dublin: 10 °C Wednesday 20 February, 2019
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This week’s vital property news: The new Daft report and a cap on the property tax

Everything you need to know in one quick guided tour.

Sherry Fitz A

THIS WEEK THE new Daft.ie housing report was released, showing what property is worth around the country.

While some slight increases were seen – it seems the days of double-digit percentage jumps in house prices are over.

There was also the good news that the government could be set to cap the property tax.

The Big Movers

Cheapest place to buy a home in Ireland

The new Daft.ie housing report showed that the difference in house prices between the capital and the rest of the country is beginning to shrink. 

daft average prices around the country Source: Daft.ie

Nationwide, the asking price for properties rose by 4.6% while property in Dublin only went up by 2.9%. In Galway, Cork and Limerick prices went up by 6.8%, 7.2% and 6.7% respectively.

The average advertised price nationwide is now €201,000, up from a low of €170,000 in the middle of 2013.

Are we paying over the odds for property? 

To get a better understanding of the figures TheJournal.ie spoke to Ronan Lyons, economist with Trinity College Dublin and Daft.ie, about whether people were back to paying too much for property.

It was said that it is difficult to estimate an ‘equilibrium price’ that property should settle at – but due to the Central Bank rules that tie house prices to income changes – prices in Dublin probably shouldn’t rise much further.

Source: Video TheJournal.ie/YouTube

Under Construction

joan burton The Tánaiste in Dublin earlier this week Source: Photocall Ireland

Des Res

This ghost town in Connecticut is on the market for $2.4 million (€2.23 million) after the original winning bidder disappeared. Many of the buildings in the town date from the 1800s but are in pretty bad condition, according to Business Insider. 

This week’s vital property news: The new Daft report and a cap on the property tax
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  • Connecticut ghost town

  • Connecticut ghost town

  • Connecticut ghost town

  • Connecticut ghost town

  • Connecticut ghost town

  • Connecticut ghost town

  • Connecticut ghost town

  • Connecticut ghost town

Finally…

A new observatory deck is set to open on the One World Trade Centre tower in New York next month. The building is America’s tallest and occupies the site where the Twin Towers once stood.

Here is roughly what visitors will be able to see when it opens:


Source: One World Observatory/Vimeo

Journal Media Ltd  has shareholders in common with Distilled Media Group.

Read: This “visionary” new development (with a tower and park) is planned for Dublin’s Docklands

Also: He’s back!: Johnny Ronan, property and the Celtic Tiger

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