Market Overview

• Ireland Property Snapshot, February 2012 (PDF 351KB)
  The Central Bank of Ireland estimates that GDP increased by 0.8% in 2011, but have downgraded their forecasts for 2012 to an increase of 0.5% due to anticipated weakness in the eurozone and a decrease in demand for Irish exports.
• UK Property Snapshot, January 2012 (PDF 394KB)
  Expectations of a UK recession in 2012 have moderated with a British Chamber of Commerce survey suggesting that a recession is not a foregone conclusion. Further improvement in service sector PMIs from 52.1 in November to 54.0 in December suggests that Q4 11 GDP will not show an economic contraction.
• Irish Property Snapshot, Q3 2011 (PDF 553KB)
  In a period of great uncertainty and with outside pressure from financial markets - unconvinced by Europe’s efforts to prevent troubled Eurozone countries defaulting - the Irish economy will remain in trouble.
• Dubin Office Market, October 2011 (PDF 482KB)
  Prime office yields estimated to be in the region of 7.5% however there has been no transactional evidence to support this figure.
• Dubin Office Market, Summer 2011 (PDF 470KB)
  Headline rents in the city centre now range from between €280 to €320 per sq. m which represents a decline of over 50% from the peak levels in 2007.
• The Retail Market 2010 – “Perception and Reality”, Spring 2011 (PDF 794KB)
  Unsurprisingly, the retail property market performance in 2010 was no better than 2009 and was arguably appreciably worse.
• Irish Property Snapshot, Q2 2011 (PDF 582KB)
  A tough end to 2010 and a weaker than expected first quarter has led to forecast downgrades for the Irish economy, compounding the debt problem the government has pledged to contain by 2015. The live register is down slightly over the quarter, suggesting greater stability since last year’s weakness.
• Irish Property Snapshot, Q1 2011 (PDF 624KB)
  Despite on going political and financial uncertainty subsequent to Moody’s credit downgrade in December and the €85bn bail-out, there are encouraging signs of growth in the Irish economy. Eurozone central policies continue to weigh heavily on the Irish economy with bailout funds accompanied by relatively high finance rates. Austerity measures are not yet impacting fully.
• Property Snapshot, July 2010 (PDF 183KB)
  Economy recovery remains weak, although there are increasing signs of stability. International capital markets remain supportive in light of government austerity plans.
• Mount Merrion Property Snapshot (PDF 178KB)
  Despite all the pessimistic reports predicting the demise of the property market, Colliers International reports an increase in viewings resulting in offers being submitted on 90% of the properties currently available.
• Dalkey Property Snapshot (PDF 179KB)
  Most sales in your area have been in the €450,000 – €800,000 price bracket with little or no transactions taking place above or below this range. All of the sales depended on condition, size, parking and gardens and most successful sales had a good balance of all the elements. In some cases the properties had potential to extend thus adding value to the property.
• Dublin 14 Property Snapshot (PDF 190KB)
  Since the start of 2010 we have witnessed an increase in property transactions throughout south Dublin and as property prices have fallen back, it is now being reported that prices are back to 2002 levels. Those who were lucky enough to sell prior to the fall in property prices are now re-entering the market in an excellent financial position.
• Dublin 8 Portobello Property Snapshot (PDF 189KB)
  Since the start of 2010 there has been a reported 301 properties listed for sale in the Dublin 8 area. The range of property types available include; one bed apartments and cottages, to five bed terrace period properties in areas stretching from Portobello out as far as Goldenbridge and Inchicore. Out of these 301 properties approximately 20% have been reported sale agreed.
• Dublin 6 Property Snapshot (PDF 180KB)
  Since the start of 2010 the Dublin 6 area has seen approximately 265 new properties being listed for sale, with around 33% of them being converted to sale agreed/sold. 25% of the listed properties were previously on the market in 2009 and in some cases 2008, indicating that there was a strong adjustment on asking prices in Dublin 6 during 2010.
• Dublin 4 Property Snapshot (PDF 189KB)
  Approximately 50% of sales completed in your area were within the €600,000 - €900,000 price range. There have been a few sales in the upper end of the market, but not as many as previous years. Unlike some other areas nearby, the other half of total sales have been in the apartment market.
• Blackrock Property Snapshot (PDF 179KB)
  There have been a number of recent sales in your area. Most sales completing within the €600,000 - €850,000 price bracket. Properties that were sold from €850,000 - €1.0 million came in at a close second place. All of the sales depended on condition, size, parking and gardens and in most cases the properties had a good balance of all elements.