Search Results for 'Business_Finance'

From an economic perspective the outlook for the Galway hotel sector remains positive. The latest Irish labour market data show all-time high employment of 2.71 million across the economy while average weekly earnings grew by 4.6 per cent compared to the same period in 2022, both of which supports the outlook for leisure spending in the county.

Looking at a sample of locations in Galway city and county, there has been a significant increase in both the volume of properties sold, and selling prices, in 2023, according to the property price register.

In the past 12 months, DNG Maxwell Heaslip and Leonard’s Residential Sales division had another promising and positive year, listing circa 230 properties across Galway city and county. With 92 per cent selling in the first four weeks of going to the market and over 60 per cent of them achieving figures above their initial guide prices, the residential property market in Galway continued to show a positive and steady growth.

As a tenant, searching for a property to let in Galway over the past number of years has been an omnious task and one few would envy.

In the past year rental prices in Galway city have risen by 11.3 per cent, according to the most recent Daft.ie report, published at the end of February.

Almost one-in-five commercial properties across Galway were vacant last year, according to a new report.

Guideline tools and updates for landlords, a must-attend free seminar for landlords and property investors, will take place in The Connaught Hotel on March 14 at 6:30pm. The theme of the seminar, organised by BV Real Estate, is "How to minimize risk and maximize returns."

Almost nine in 10 (88%) people living in Ireland are planning to take cost-cutting measures in the hope of slashing their spending this year.

Responding to the latest Daft.ie Rental Report for Q4 2023, IPAV, the Institute of Professional Auctioneers & Valuers, said that the decline in rental inflation in Dublin is evidence that the primary driver of achieving stabilisation of prices or greater affordability into the future was supply.

Responding to the most recent Central Bank Retail Interest Rates publication for December showing Ireland with a weighted average interest rate on new mortgages of 4.19%, just 0.13% higher than the euro area average, and six basis points down on the previous month, Brokers Ireland said it is to be hoped that by mid-year the situation will have improved with some movement downwards by the ECB.