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  • We're Hiring ... See our Apprentice programme 03-07-2018


    What is the Auctioneering and Property Services Apprenticeship?
    The Auctioneering and Property Services Apprenticeship is an ‘earn and learn’ advanced certificate programme, combining on-the-job training with academic study.
    When approved by QQI, the two year government-supported programme will lead to an Advanced Certificate in Property Services and allows apprenticeships to hit the ground running early in their career.
    Ultimately, apprentices develop the skills, knowledge and behaviours necessary for a successful career in estate agency, property management and property letting.

    Main Features
    Ø  No fees - Government funded.
    Ø  Four days per week in the workplace, one day in college
    Ø  Two year duration
    Ø  Salary range: minimum of €20,000 - €22,000
    Ø  On successful completion of the programme, apprentices will be eligible to apply for a Property Services Regulatory Authority (PSRA) licence (subject to QQI validation of the apprenticeship).

    Entry Requirements 
    Ø  Minimum of 5 Passes (O6/H7) in Leaving Certificate or equivalent.
    Full QQI (level 5 or 6) Business award or equivalent.
    Those seeking to use experiential learning to access the programme through a structured interview process.
    Ø  Interview.

    If validated by QQI, The Auctioneering and Property Services Apprenticeship programme will commence in September 2018.

    Ballsbridge College will contact you with an update shortly.

  • Book a FREE Appraisal 27-06-2018

    If you are thinking of Selling or Letting your Home
    contact our office for a FREE appraisal

    We have over 19 years experience and our professional
    and friendly service guarantee's customer Satisfaction

    We look forward to hearing from you 01 8272300
  • Commercial - Private Rented sector Review 22-05-2018

    The Private Rented Sector (PRS) in Ireland,
    which has grown rapidly in recent years, is
    now a firmly established investment sector.
    2017 was a dynamic year for the sector with transactions
    totaling €386.8m across 24 deals. This represents a
    substantial increase on 2016 volumes which stood at
    Activity in 2017 was boosted by several large deals
    including Patrizia Immobilien AG’s acquisition of the
    Charlotte and Leona Buildings for a reported €132m.
    The buildings form part of the larger Honey Park
    development in Dún Laoghaire, Co. Dublin.
    Other high-profile sales included the off-market
    purchase of three residential buildings in Leopardstown,
    Co. Dublin for €51m by Tristan Capital Partners/SW3
    Capital. Furthermore, Kennedy Wilson acquired North
    Bank, a portfolio of 124 apartments in the north
    docklands, for €45m.
    Dublin remains the most attractive market for investors,
    attracting 96% of total residential investment in 2017.
    Outside of Dublin, the largest
    deal completed was the sale of Leeside Apartments,
    Bachelors Quay, Cork city, purchased by Lugus
    Capital for a reported €8.4m.
    Source: Cushman and Wakefield Commerical research report

  • Demand and Supply in the Property Market .... 17-05-2018

    Comparing prices in the first three months of 2018 with those in the final three months of 2017, with only Monaghan recording a slight fall. Compared with prices a year ago, only Donegal has seen a fall.
    It is, in other words, a market that continues to see almost across-the-board strong increases in prices. Looking at the national average, the annual rate of inflation was 7.3% in the first quarter of the year. The optimist will point out that this is the slowest rate of inflation in almost two years
    However, in a healthy housing system, housing prices increase at the same rate as prices in the rest of the economy, no faster. According to the official measure of the price level, general prices in the Irish economy are no higher now, in early 2018, than they were five years ago. This is a remarkable achievement in recovering the lost cost competitiveness of the Celtic Tiger years. It is all the more remarkable considering that one of the single largest components of the CPI is private rents – so in truth, leaving the housing market aside, consumer prices in Ireland have fallen over the past five years.
    In the same time, though, the purchase price of housing has risen by one half, on average. In Dublin the increase is slightly above 60%, outside urban areas, the increase is closer to 40%. But overall, this is a collection of geographical markets more defined by their similarities than their differences.
    The reason that prices are rising is not complicated: the growth in demand far exceeds the growth in supply. The fundamental barometer of a healthy housing system is that, where new demand occurs, new supply follows quickly. This should be true for the housing system as a whole – i.e. both market and social housing segments. But a closer look at the figures reveals just how dysfunctional Ireland’s housing system is.
    Turning to demand, first, Ireland’s population is rising by over 50,000 people a year. About two-thirds of that increase – between 30,000 and 35,000 – is down to a natural increase in the population. The remainder – a far more volatile number in Ireland but 20,000 in 2017 and on average that amount over the last two decades – is net migration.
    Of course, it’s a little more complicated than births exceeding deaths. A population increase of 50,000 does not mean the country needs 50,000 new homes a year. At a very basic level, not every individual – and certainly not new-borns – has a household by themselves.
    This information is supplied by Daft Property Report.

  • Economics: Irish mortgage approvals down year-on-year in March 01-05-2018

    New figures from the Banking & Payments Federation Ireland (BPFI), published this morning, showed that a total of 3,374 mortgages were approved in March - some  1,703 (50.5% of total volume) were for first-time buyers (FTBs), while mover purchasers accounted for 901 (26.7%).
    • The number of mortgages approved fell by 8.0% year-on-year but rose by 7.6% month-on-month.
    • Mortgages approved in March were valued at €763m – of which FTBs accounted for €390m (51.1%) and €234m (30.7%) by mover purchasers.
    • The value of mortgage approvals fell by 2.9% year-on-year and but rose by 10.4% month-on-month.

    Re-mortgage/switching approvals rose on a year-on-year basis – by 54.9% in value and by 50.5% in volume terms.

    The annualised volume of mortgage approvals fell for the first time since March 2016, falling by 0.7% in the twelve months ending March to 43,256. The annualised value of approvals fell by 0.2% to almost €9.5bn.

    Annualised switching activity continued to grow strongly, with volumes increasing by about 4% in four of the past five reports. Switching volumes rose to 4,029 in the twelve months ending March, double the volume in May 2016.

    Meanwhile, 7,879 new mortgages to the value of €1,704m were drawn down by borrowers during the first quarter of 2018.

    Source:Merrion Chief Economist Alan McQuaid
  • 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 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

  • 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