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Two new property reports out this week

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This week saw the issuing of two major house price surveys with both the Daft.ie 2014 Year in Review House Price Report and the MyHome.ie Quarter Four Report on 2014. According to the Daft.ie report the average house price nationwide is €193,000 while the average house price in Mayo is €121,000. The four per cent increase recorded in Mayo in 2014 contrasts with a fall of 8 per cent a year ago. Average house prices in Mayo are still 54 per cent below their peak in 2007.

New report shows house prices up four per cent in Mayo

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House prices in Mayo are four per cent higher than a year ago, according to a new report published today by property rental website Daft.ie.

Burgess launches not-to-be-missed post-Christmas sale

Burgess of Athlone’s post-Christmas sale promises to be an event not to be missed offering exceptional value across the department store’s wide range of quality brands. The sale will begin on December 27 at 1pm with discounts across women’s wear labels including Gerry Weber, Betty Barclay, Libra, Darling, Planet and Précis; menswear labels Gant, Fred Perry, and Tommy Bowe footwear; homeware brands Stellar, Judge, and Denby; and children’s wear labels Blue Seven, Joules, and Mayoral.

Mayo farm payments welcomed

The latest payments of €3.5 million made to beef and sheep farmers in Mayo last week under the Beef Genomics Scheme and Grassland Sheep Scheme brings the level of payments in the county in 2014 to almost €87 million.

O’Donnellan & Joyce records €6.2 million in sales in last auction before capital gains tax deadline

O’Donnellan and Joyce’s final all-day property auction of the year on Friday December 12 saw property sales reach €6.2 million. Residential property sales in the afternoon reached €4.5 million, with many first time buyers in evidence around the auction room such was the value on offer. In the morning €1.7 million in property sales was reached with cash buyers and investors Christmas shopping ahead of the December 31 capital gains tax deadline.

Thousand of jobs at risk in the fabrication industry as a result of EU Directives, says Canney

Thousands of jobs are at risk in Ireland as a result of E.U Directive EW 10 90 introduced into this country by the Government last July, according to Cllr. Seán Canney.

Mayo rents rise by just under two per cent

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The latest Daft.ie rental report has shown that rents in Mayo have risen by just under two per cent in the past 12 months. The report has shown that in Connacht rents rose by an average of 3.4 per cent from September 2013 to September 2014, with Mayo’s rents rising by 1.9 per cent. In Mayo the average advertised rent is now €551 a month, which in itself is 20 per cent lower than what it was at peak levels.

Council to pay out €10.5 million in loan charges next year

Mayo County Council will pay out over €10 million in loan charges next year, the elected members of the council were told this week. Head of finance for the council, Peter Duggan, outlined the charges at Monday’s reconvened budget meeting of the council. He told the meeting: “This current budget has the provision of €10.5 million in loan charges, of those €4.3 million are recovered directly from third parties, the majority of them being Irish Water for the cost of providing the capital costs of the water sewerage services, and also there are recoupments direct from the Department of Environment, particularly in relation to our housing borrowings, they are recovered directly from the department.”

Rents now rising in every county

Rents are now more expensive than they were at the same stage last year in every county in Ireland, according to the latest quarterly Rental Report by Daft.ie. Nationally, rents have risen by over 11 per cent in the space of 12 months with the national average rent now €933 compared to €842 a year previously.

€1m was awarded to 22 Galway people who sustained injuries in workplace accidents last year

A total of €1m was awarded to 22 Galway people who sustained injuries in workplace accidents last year.

 

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