Latest News

  • Rental Report Q 2 - 2017 21-08-2017



    Source: Daft.ie


    Daft.ie report shows that rents rose nationwide by an average of 11.8% in the year to June 2017. The average monthly rent nationwide during the second quarter of 2017 was €1,159, the fifth quarter in a row a new all-time high has been set. The rate of inflation represents a slight slowdown in inflation from the rate recorded in the first quarter of 2017 (13.4%), which was the second largest on record.

    In Dublin, the increase in rents in the year to June 2017 was 12.3% and rents in the capital are now over 18% higher than their previous peak in 2008, or €260 a month. In Cork, rents rose by 6.8% in the year to June, the slowest rate of inflation since early 2014, while in Galway, rents were 10% higher than a year previously, the eleventh straight quarter of double-digit increases in the city. In Limerick city, rents rose 10.8% in the last year, while in Waterford the increase was 8.4%. Outside the cities, rents have risen by 11.9%.

    There were just 2,930 properties available to rent nationwide on August 1st. This is the lowest number ever recorded, in a series that starts in January 2006, and the first time ever that fewer than 3,000 homes were available to rent. In Dublin, there were just 1,100 homes available to rent, compared to 2,000 on the same date in 2014.


  • 18-08-2017



    A Keenly Priced Commerial Investment with Residential Space in Oldcastle Co Meath
                                                       
                                                                          OR

                                                               Home & Income

    350 sq.m of  Retail Office Storage & Living space at offers region €205,000 for immediate sale

    Potential Annual Income  €18,000   

    Must be viewed !!


    Please call Gerard Farrelly McPeake Auctioneers on 01 8272300 or 087 298 6980. 
  • 18-08-2017

    McPeake Auctioneers have brought an Exciting Residential Development Opportunity to the Market

     at Station Road Dunboyne Co Meath

    5.99 Acres / 2.42 Hectares of Prime Zoned & Serviced Building Land

    For Sale by Tender on 15th September 2017




    • Within the Metropolitan Area
    • Zoned A2 - 'New Residential'.The Development has identified Dunboyne as a -
    • 'Large Growth Town'
    • M3 and M50 in immediate proximity providing swift acess to all major arterial routes
    • Beside Dunboyne Rail Station routed to City centre and the Docklands.
    Full details can be provided by calling Gerard Farrelly on 01 8272300 or 087 298 6980 

    Joint Agents REA Coonan 01 628 8400
  • Hollywoodrath, Hollystown, Dublin 15. 9 units due for release this September. 11-08-2017




    Following on from the last sell out phase at Hollywoodrath,  Phase 4 is currently under construction with a further selection of properties due for release in October 2017.

     
    For further information regarding the October release please contact joint agents McPeake Auctioneers 01 – 827 2300 or Knight Frank 01 – 63424 66  or register online at www.hollywoodrath.ie

     
    We are however delighted to announce the release of 9 units this September.  

     
    The nine units will consist of:

     
    4 x four bedroom semi -detached homes.

    1 x four bedroom semi -detached show home.

    3 x four bedroom detached homes.

    1 x three bedroom semi -detached show home.
     
    For Further details please contact: - Jennifer or Diana on 01 - 827 2300.




  • Additional Release Announced for Dunville, Navan! 23-05-2017

    Due to unprecedented demand and phase sellout in just 2 weeks of launch, we are delighted to be able to bring an additional 8 3-bedroom homes to the market this weekend. These larger than normal new homes are proving to be a very popular offering due to their size and excellent finish throughout. For more details please contact the office or come along to the show-homes on Sat and Sunday 27th and 28th May between 2-4pm
  • LAUNCHING !! NEXT WEEKEND !! DUNVILLE, NAVAN, CO.MEATH. 05-05-2017


    We are delighted to announce the launch of Dunville, Navan, Co.Meath.   We will be opening the doors for the first time on Saturday & Sunday the 13th & 14th May.  from 2-4pm.  
    These are not your average sized home! 
    Most of the 3 bedroom homes have the potential to convert the attic space. (Subject to Planning Permission).

    For further information please contact 01 - 8272300.


  • Major Mixed Development Opportunity in Hollystown Dublin 15 17-02-2017





                        




                                           New to Market with McPeake Auctioneers


    Duinch on 1.73 Hectares / 4.27 Acre in a highly sought after area of North West Dublin overlooking Hollystown Golf Course. Minutes to the N2 M3 M50 Port Tunnel & Dublin Airport.

    Tyrellstown Town Centre is within walking distance and a choice of local schools.
    The NAC & Blanchardstown Town Centre are adjacent.
    Excellent City Bus Service.

    The superb 5 Bedroom house extends to 285 sq.m with secluded manicured grounds.

    The lands are zoned for Residential and Commercial Use.

    Price is on application.

    Call Gerard Farrelly McPeake Auctioneers on 01 827 2300 or gerard@mcpeakeauctioneers
    for a detailed brochure and viewing.
  • Help to Buy Scheme Explained 15-02-2017


    Summary

    The Help to Buy incentive is designed to assist first-time buyers with obtaining the deposit required to purchase or self-build a new house or apartment to live in as their home.

    The incentive provides for a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid over the previous four tax years to first-time buyers who purchase or self-build a new house or apartment to live in as their home.

    The main provisions, as set out in the Finance Act are outlined below.

    Who is entitled to claim?

    A first-time buyer of a house or apartment who purchases or self-builds a new residential property between 19 July 2016 and 31 December 2019 may be entitled to claim a refund of Income Tax and DIRT paid over the previous four years.

    The first-time buyer must not have either individually or jointly with any other person (directly or indirectly), previously purchased, or built a house or apartment. Where more than one individual is involved in purchasing or building a new home, all of the individuals must be first-time buyers.

    Note: You must ensure that your contractor is a Revenue approved qualifying contractor before purchasing the property if you wish to avail of the Help to Buy incentive. See the list of Developers/Contractors who are registered as a Qualifying Contractor.

    You must be tax compliant. If you are self assessed you must also have eTax clearance.

    What is a qualifying property?

    For a property to qualify under the scheme it must have been purchased or built as the first-time buyer’s home. It does not include properties acquired for investment purposes. It must be a new build and the construction must be subject to VAT in Ireland. Properties which have never been used as a dwelling and are now being converted for residential use may qualify.

    The purchase value of the property cannot be more than €500,000 for properties bought after 1 January 2017.

     

    For properties purchased between 19 July 2016 and 31 December 2016 the value cannot exceed €600,000.

    For self-built properties the purchase value means the approved valuation by the qualifying lender at the time that the qualifying loan is entered into.

    You must take out a mortgage on the property with a qualifying lender and this loan must be used solely for the purchase or building of the property. The loan should be entered into solely by the first-time buyer and the lender. A guarantor on the loan is allowed. The loan to value ratio must be greater than 70%.

    What you need to do before you apply

    Before you apply, you must be registered for myAccount (PAYE) or ROS(self-assessed).

    PAYE taxpayers need to submit a Form 12 (where they have not already done so) for each of the tax years they select. Online Forms 12 for 2013 onwards are available through myAccount and are pre-populated with your pay and tax details. A paper pdfForm 12 for 2012 (PDF, 1.79MB) (if required) can be downloaded. When you have completed the paper Form 12, you can scan it and then upload it in MyEnquiries. To do this, you can click Add New Enquiry, and select ‘Help-To-Buy Scheme’ and ‘Form 12 (2012)’ from the dropdown options available under ‘My Enquiry Relates To’ and ‘And More Specifically’. Then you attach the scanned Form 12 documentation and submit your enquiry.

    Self-assessed taxpayers must be fully compliant, have eTax clearance, and must therefore have paid and filed for the years in which they are a chargeable person. Online Forms 11 are available for all years through ROS.


     
    How to apply

    You can apply online. There are two stages to the HTB electronic process - an application stage and a claim stage.

    A. Application Stage

    You will be required to provide your PPSN, and complete a declaration. Provided that you are tax compliant you will be provided with an Application Number and a summary of the maximum relief available to you. You will be issued with an Access Code separately through MyEnquiries. You should retain both of these safely as you will require them for your lender. If you are purchasing your home you will require these for your qualifying contractor, of if self-building you will require these for your solicitor. Your contractor or solicitor will require this information to verify the tax relief claim.

    B. Claim Stage

    Once you have signed the contract for your home and are ready to make your claim complete the following steps;

    Step 1 – Upload the following information about your application through MyEnquiries. (You should take note of the reference number given).

    • a copy of the signed contract
    • evidence of your mortgage (including loan-to-value ratio)
    • proof of drawdown of the first tranche of the relevant mortgage (if a self-build).

    Step 2 - You should then login to HTB through myAccount or ROS and make your claim. You will need to include your MyEnquiries reference number. You will be asked to confirm details relating to the property, the purchase price, date of completion, mortgage details, and the deposit already paid. Group applicants will also need to provide the amounts of the agreed portion of the refund applicable to each member of the group. Self-build claimants will need to provide the BIC and IBAN of the qualifying loan bank account. Once you have submitted your claim you will be provided with a claim number.

    Please ensure you have carefully checked all the information you input before signing and submitting the claim. It will not be possible for you to cancel the claim afterwards.

    Step 3 - Once the claim is submitted, you should advise your Developer/Contractor, or, Solicitor if you are self-building, and provide them with your claim number and the access code already provided. Before any refund is paid, the information you have given will need to be verified by

     
    • the Developer/Contractor in the case of a new build, or
    • a Solicitor, acting on your behalf, in the case of a self-build.

    Note – the amount of the final refund will be subject to 5% of the purchase price of the house so it may differ from the maximum relief summary you received at application stage.

     

     

     

     
  • New to market!! Industrial space for sale 10-02-2017




    New to Market !!!

    12 Old Quarry Business Campus North West Business Park Dublin 15 is attracting huge interest.

    255 sq.m. End Terrace Warehouse + Offices + Showroom in walk in condition.€ POA

    Early viewing is recommended with Gerard Farrelly McPeake Auctioneers 01 827 2300





    McPeakes report a significant increase in demand for Industrial space with office content throughout North West Dublin from both potential owner occupiers and investors.
    Premises in need of refurbishment are not a deterrent to buyers.
    McPeakes have a list of "ready to go" buyers.

    Should you be thinking of selling please give Gerard Farrelly a call on 01 827 2300 for a free appraisal
  • Rental Market Crisis 21-12-2016



    A few weeks ago, the latest Daft.ie Rental Report was released. The picture it painted of the rental sector was grim. Here are five worrying statistics from the report:
    1. The average monthly rent nationwide reached a new all-time high of €1,077 in the third quarter of 2016, up from a low of €742 five years previously.
    2. Not only did rents reach a new high, but so did annual rent inflation, which was 11.7% in the year to September, the highest ever in the Daft.ie Report, which extends back to 2002.
    3. The increase in rents has been particularly acute in recent months, with the increase between June and September equalling the highest ever three-month increase in rents of 3.9% nationwide.
    4. This is not a Dublin phenomenon – all 54 markets around the country saw rents increase in that three-month period, the fifth time in the last two years that rents rose in every single market.
    5. The number of markets where there is double-digit rates of inflation annually has risen from 17 out of the 54 analysed in late 2015 to 37 in the most recent report.
    These rapid rises in rents are occurring at a time when inflation in the general price level for consumers is effectively zero – and has been for years. No matter which way the numbers are cut, therefore, it is clear that problems in the rental sector are getting worse, not better.
    A tempting response would be to ban rents from increasing. Indeed, much of the political response to the report’s release was framed in such terms. However, while this may seem like it’s tackling the problem, it’s important to remember that rising rents are the symptom. The underlying problem is actually a lack of homes.

    Preventing rents from rising does nothing to address this. In fact, it may make the problem worse, not least for those who are already homeless and who thus are now locked out of the market. A far better solution is to reduce construction costs – for all construction, both social and private. By lowering costs, this improves affordability and thus viability.