Latest News

  • 10-04-2018








    Gerard Farrelly Chartered Surveyor with McPeake Auctioneers outlines the Headlines of the Society of Chartered Surveyors of Ireland's Annual Property Report and Review.

    In the  SCSI Property Report and Review; Some 82% of Member Agents in the rest of Leinster (Excluding Dublin) reported an increase in market activity up 50% in 12 months.
     66% of SCSI Members predict demand to outstrip supply in 2018. 71% expect the highest   demand to be for 2 and 3 bedroom houses.
    New Housing schemes coming on stream nationally in 2018 indicate that Munster will be the strongest of the Regions.

    The Report predicts that the residential rental market will continue to experience a lack of accommodation nationally in 2018.

    The SCSI Annual Commercial Property Review and Outlook outlines how Chartered Surveyors feel the commercial market will perform in 2018 with responses overall being positive.
    Office rents are predicted to rise on average by 5% with the largest increase of 7% expected in Munster.
    Industrial rents are expected to increase nationally by 6% with higher increases expected in Dublin and Munster Regions. Munster surveyors are expecting rises of 7% in retail rents in city centre developments.

    The largest rise is expected with residential development land predicted to rise 11% nationally. This compares to office development land (7%) retail development land(6%) and industrial land(8%)

    A total of 70% of Dublin respondents think that Brexit will cause an increase in office demand in the capital. In contrast, in Connacht / Ulster 365 of surveyors think the UK leaving the EU will decrease demand in these areas; this has jumped from just 6% last year. In Munster and the rest of Leinster, large majorities think that it will have no impact

  • 2018 Property Market Update 04-04-2018


    Daft . ie House price Report for the first quarter of this year 2018 shows that house prices nationally rose by 2.5% during the first three months of 2018. The average price nationwide was €247,000, 7.3% higher than a year ago. Compared to their lowest point in 2013, prices nationwide have risen by an average of 50% or just over €82,500.

    In Dublin, prices rose by 2.3% in the first quarter of the year. This means that the average price in the capital is now €145,000 higher than five years previously. In Cork and Galway cities, prices rose only marginally in the first three months of 2018 (by 0.3% and 0.1% respectively) but are now 59% and 70% higher than their 2013 lows. In Limerick and Waterford cities, prices rose by 2.1% and 2.4% respectively in the first three months of the year. Outside the main cities, prices rose by 3% in the same period, with the largest increases in Munster, outside the cities.

    The number of properties available to buy on the market nationwide continues to fall. There were just over 20,000 properties on the market in March. A significant increase in Dublin listings – up from 2,700 a year ago to 3,500 now, largely offset a fall in availability elsewhere. The number of properties on the market outside Dublin is now at 16,800, down 1,000 on a year ago and the lowest on record, for a series starting in January 2007.

    Commenting on the figures, Ronan Lyons, economist at Trinity College Dublin and author of the Daft.ie Report, said: “The picture of the housing market in Ireland currently remains one of strong demand and very tight supply pushing up prices. There are some elements for cautious optimism, including an increase in transaction volumes countrywide and in stock on the market in Dublin. Nonetheless, during a five-year period when consumer prices did not change, housing prices rose by 50%. This is an indication of how inadequate housing supply is.”

    This information is supplied by Daft.ie

  • Careers 27-03-2018



    McPeake Auctioneers are currently looking for an experienced residential sales negotiator. An excellent remuneration package is on offer and the opportunity to further their career within the property industry with excellent prospects for the right candidate.

    • You must have a current license issued by the PSRA or hold relevant qualification in property studies.
    • Experience (min. 2/3 years) of residential property sales
    • Professionalism, commitment & determination to succeed a must.
    • Own a car and have a full driver’s license

    This is a full time position with core hours of Monday to Friday 9.00 am to 5.30 and the ability to work Saturdays as and when required. If you feel you are ready for this type of challenge and would like to apply, please email an up to date CV and cover letter to info@mcpeakeauctioneers.comor contact Jennifer at 01 – 827 2300.
  • Rebuilding Ireland Home Loan 26-02-2018


    What is a Rebuilding Ireland Home Loan?
    A Rebuilding Ireland Home Loan is a new Government backed mortgage for first time buyers. It is available nationwide from all local authorities from 1st February 2018.
    As a first time buyer you can apply for a Rebuilding Ireland Home Loan to purchase a new or second-hand property, or to build your own home.
    The loan is a normal Capital and Interest-bearing mortgage which is repaid by direct debit on a monthly basis.
    You can borrow up to 90% of the market value of the property.
    Maximum market values of the property that can be purchased or self-built are:
    •€320,000 in the counties Cork, Dublin, Galway, Kildare, Louth, Meath and Wicklow, and
    •€250,000 in the rest of the country.

    Am I eligible?
    To be eligible for a Rebuilding Ireland Home Loan you must:
    •be a first-time buyer
    •be aged between 18 and 70 years
    •be in continuous employment for a minimum of two years, as a primary applicant or be in continuous employment for a minimum of one year, as a secondary applicant
    •have an annual gross income of not more than €50,000 as a single applicant or not more than €75,000 combined as joint applicants
    •submit two years certified accounts if self-employed
    •provide evidence of insufficient offers of finance from two banks or building societies
    •not be a current or previous owner of residential property in or outside the Republic of Ireland
    •occupy the property as your normal place of residence
    •purchase or self-build a property situated in the Republic of Ireland of no more than of 175 square metres (gross internal floor area)
    •purchase or self-build a property which does not exceed the maximum market value applicable for the county in which it is located
    •consent to an Irish Credit Bureau check
    A Rebuilding Ireland Home Loan offers three rate products:
    •2% fixed for up to 25 years (APR 2.02%)
    •2.25% fixed for up to 30 years (APR 2.27%)
    •2.30% variable (subject to fluctuation) for up to 30 years (APR 2.32%)
    All rates are exclusive of Mortgage Protection Insurance (MPI) which is a requirement of borrowing. Eligible borrowers are required to partake in the local authority collective MPI scheme. MPI is payable monthly, in addition to loan repayments.
    If you choose a fixed interest rate product:
    •Your monthly repayments remain the same for the full fixed rate loan period, making budgeting easier - but during the fixed rate period, you may be liable for a breakage fee if you switch to a variable rate or pay off all or part of your mortgage.
    If you choose a variable interest rate product:
    •You have the flexibility to make lump sum repayments, increase your repayments or make early repayments - but your monthly repayments could rise or fall over the life of your mortgage.

    You should seek independent financial advice on which product is most suitable for you.
    Eligibility is subject to submission of a complete Rebuilding Ireland Home Loan application form and confirmation by your local authority.

    How much can I borrow?
    With a Rebuilding Ireland Home Loan you can borrow up to 90% of the market value of a residential property. Maximum market values of the property that can be purchased or self-built are:
    •€320,000 in the counties Cork, Dublin, Galway, Kildare, Louth, Meath and Wicklow, and

    •€250,000 in the rest of the country.
    This limits the amount that can be borrowed to no more than €288,000 in the counties Cork, Dublin, Galway, Kildare, Louth, Meath and Wicklow and no more than €225,000 in the rest of the country.

    How do I apply?
    If you think you are eligible and can afford the repayments on the amount you need to borrow, you can complete a Rebuilding Ireland Home Loan application form here. Applications can be made from 1st February 2018.
    You must complete all sections of the application form and provide the supporting documents described in the applicant checklist.

    Your application form must be signed by all applicants and submitted to your local authority. Applicants are strongly advised to submit their applications in person, as posted applications are often not completed correctly and have to be returned.
    Your application will be assessed and you will be advised of the decision in writing. Lending criteria, terms and conditions apply. Security and Insurance required. Further information is available from  help desk at 051 349720 (8am to 5pm - Monday to Friday) or from your local authority.
  • A Brief Overview of The Irish Industrial Market 22-02-2018



    A Brief Overview of The Irish Industrial Market

     

    A recent SCSI Report states that Industrial Property is now the best performing of all the property assets since the 1st Quarter of 2016.

    The continuing improving economic conditions are leading to sustained high levels of activity in the Industrial market

    Industrial Rents are forecast to increase for the foreseeable future. A factor partly driven by the lack of availability in this sector.

    Consequently, Gerard Farrelly reports that the industrial property purchaser profile has changed. Owner Occupiers have now been joined in the bidding by Investors. Many of whom have become disillusioned with the Residential Rental Market.

    22 02 2018
  • GOVERNMENT BACKED MORTGAGES FOR FIRST TIME BUYERS 22-02-2018

    First time Buyers will be able to get government-backed mortgages.

    Applicants can choose a fixed rate of interest for the duration of the loan.

    The scheme is aimed at people who don't qualify for social housing.

                 The mortgages can be used to buy a house up to:



     €320,000.00 in the greater Dublin area, as well as Cork and Galway

     and €250,000.00 in the rest of the country

                 The mortgages will be granted through local authorities

    Where the person's annual gross income does not exceed €50,000
    or for joint applicants it is €75,000


    Fixed rate
    The new Rebuilding Ireland Home Loan can be used both for new and secondhand
    properties, or to build your own home.
    A person or couple can borrow up to 90% of the market value of the property.
    They can choose a fixed rate of 2% to 2.25% interest for 25 to 30 years.


    What this means essentially is that a person or couple can
    purchase a home, while ensuring that they can still keep their
    monthly repayments to one third of their net disposable income
    – with no risk of their mortgage rate rising and so no threat to
    their ability to afford repayments, giving them certainty and
    security.

    Murphy gave two examples of how the scheme would work:
    So, for example, a person earning €40,000 a year and
    living in Mayo could afford to buy a house worth €224,920,
    provided they had the deposit of €22,400. They could then
    borrow €198,000 from their local authority and their monthly
    repayments would be in the region of €858 a month, or 33% of
    their Net Disposable Income.

    As a second example, a couple earning €75,000 and living
    in Dublin could afford to buy a house worth €320,000, provided
    they had €32,000 as a deposit between them. They could then
    borrow €288,000 from their local authority and their monthly
    repayments would be €1,221, or 24% of their Net Disposable
    Income.
    €200

    This information has been provided by thejournal.ie

  • Property Price Register 16-02-2018

    Did you know you can search the property price register

          to see what properties have sold in your area

    You can see what has SOLD on your ~Street and the
    Sale Agreed price and the date the property was Sold

                         www.propertypriceregister.ie

  • ANNUAL RENTS SOAR ...... 12-02-2018

    Rents Nationwide have risen by an average 10.4% in the year up to December 2017,
    according to Daft.ie

    The average monthly rent Nationwide is €1227.00
    This is an all time High

    There were just over 3,100 properties available to rent Nationwide on 1/2/18


  • ACHIEVE THE BEST PRICE FOR YOUR HOME 05-02-2018

    If you are Thinking of Selling 
    Contact us today for a FREE
    Sales Appraisal of your property

    01 8272300

    Our expert Team would be 
    delighted to talk to you today
  • NEW HOMES ON VIEW 3rd and 4th FEBRUARY 31-01-2018


    We are showing New Homes on Saturday 3rd February and Sunday 4th February

    at


    Hollywoodrath, Hollystown - this Saturday and Sunday from 12 – 2pm.

    and 

    Dunville, Navan - is  on view this Saturday and Sunday from 2.30 to 4.30pm