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…
Owen Reilly tips on improving your kerb appeal if selling your home.
The autumn season is always a busy time when more homes come to the market in Dublin. Even though it is a seller’s market, presentation and kerb appeal are very important and can always be improved on. Some people may struggle to see it through the eyes of someone new and to support this please see our tips to maximise your…
Impact of Covid-19 on the landlord tenant relationship
For over ten years, the Dublin residential rental market was a landlord’s market for many reasons: A strong economic recovery; Unprecedented number of jobs created in Dublin supported by foreign direct investment in the tech ecosystem; Complete lack of any new apartment building for nearly a decade. This is a classic supply and demand mismatch.…
Buying property virtually in the COVID-19 era
Would you buy a property you had not visited physically? Most people will answer no. Buying a property is a big deal. For most people it is a huge financial undertaking. However, with lockdown measures now to be extended to the summer, a cohort of people will buy now without physically visiting the property and…
Our Year in Review: Dublin property market 2020
2020 has been a rollercoaster year for the Dublin Residential Market with COVID-19 having a profound impact on the property market and indeed our very way of life. It has also caused many people to rethink their living and working habits. The start of 2020 was very encouraging after a flat end to 2019. The…
Advice for first-time buyers
Owen would always advise that step one is to first speak to your bank or a mortgage broker to get an insight into exactly what is involved in making a mortgage application. The benefit of using a mortgage broker is that they can shop around for you and will get you the best mortgage deal.…
Why property developers and funds should utilise virtual reality in their new home and PRS marketing strategies
Reach You can reach any buyer or tenant anywhere in the world using virtual reality. For example last year we sold a penthouse in Dublin Docklands to a New Zealand based buyer who relied exclusively on the VR tour to make the buying decision. VR tours can be used on desktop or mobile from our…
Fundamentals when buying an investment property
‘The best way to create wealth and secure financial independence in the future is to invest in property wisely at the right time’. Owen Reilly, June 2020. Know all the costs. Very important you are aware of all the costs associated with renting your property to work out the net rental income. Consider all professional…
Impact of Covid-19 on the Dublin residential market in Q2
Covid-19 had a profound impact on the Dublin property market in Q2. While business quickly pivoted to be conducted virtually, market activity was a fraction of its pre-COVID level as a result of in-person showing restrictions. As lockdown eased and activity returned to the market, strong activity was supported by pent-up demand. Longer-term, for-sale market…