Current trends in the Dublin residential property market August 2023
I’m just back from my holidays in France so it’s a good time to review current trends in the Dublin residential property market as we move into the busy autumn season. As estate agents my colleagues and I have learnt to accept that there is always going to be some level of uncertainty, when there…
Rental crisis turns into national emergency, April 17th 2023.
For many years now most of our sellers are landlords and most of our buyers are owner occupiers. Five years ago, half of our buyers were investors, today it’s one in four. Landlords are selling because of high taxes (most pay over 50pc tax on rental income), increasing regulation and negative returns with rent control…
Launch of new office at 8 Merrion Road, Ballsbridge, Dublin 4.
Owen Reilly is delighted to announce the official opening of the company’s newest branch located in the heart of Dublin 4. The company plans to hire five staff in 2023 for the Ballsbridge location to fill various sales and management roles. The new Ballsbridge office, which is located at 8 Merrion Road, will be the fourth Owen…
Marketing Team of the Year Award
Owen Reilly was delighted to win Marketing Team of the Year at the National Property Awards 2023 which took place on Thursday 9th March at the InterContinental Hotel in Ballsbridge, Dublin 4. The event hosted a celebration of the companies and individuals who all made a significant impact on the residential and commercial property sectors in Ireland during…
Owen Reilly 2022 review
With the pandemic receding in 2021 and the Dublin residential property market proving to be very resilient despite lockdowns and viewing restrictions, the prospects for 2022 were positive though we predicted a modest increase in property values. Events again took over with Russia invading Ukraine causing inflation to surge and the cost-of-living crisis to deepen.…
Trends in the prime Dublin period homes property market 2022
Period properties in Dublin have always been sought-after and for many reasons. The term ‘period property’ generally refers to properties that were built before the First World War and are generally classified as being in the Georgian, Victorian or Edwardian era. They are celebrated today for their superior building methods and materials, and distinctive architectural…
Current trends in the Dublin residential property market October 2022.
With the autumn selling season in full swing, what are the trends we are seeing in the Dublin residential market? Unquestionably, the market cooled in September in terms of price inflation, but only if compared to the frenzied first six months of 2022, especially the second quarter, when the stock of properties for sale fell…
Current trends in the Dublin residential property market May 2022.
May is always a busy month for estate agents when typically more properties come onto the market. While there has been a welcome increase in sellers, supply is nowhere near what is considered normal for this time of year. To put some context on this, the number of properties for sale in Dublin today is…
Summary of 2021
2021 was a roller coaster and started with Dublin in a level 5 lockdown and a restriction on property viewings. Given this, market activity was a fraction of normal levels and our transactions were 40% lower year on year. We saw a pickup in activity in March when it became obvious lockdown measures were to…
Why a rent freeze won’t work
I have reported on how our transactional data shows landlords are leaving the rental market in large numbers and for quite some time. In Q2 this year one in two of our sellers were landlords. This is happening at the same time Dublin is experiencing an accommodation crisis. There are many reasons why this is…