Search Results for 'Inflation'

ALONE, the organisation that supports older people to age at home, has called on the government for a pandemic-like response to alleviate the rising cost of living to help those in greatest need.

Commenting on the most recent CSO Residential Property Price Index for January IPAV, the Institute of Professional Auctioneers & Valuers, noted that over 82 percent of dwelling purchases in January involved existing dwellings, highlighting both the insufficient number of new properties coming on the market and, to a lesser extent, the stronger demand arising from new working norms and workers being priced out of Dublin all of which are increasing the appeal of areas such as the the Midlands.

The overall average increase in property prices for 2021 was just short of 12 percent, with great variations across the country, according to the latest Residential Property Price Barometer by IPAV, the Institute of Professional Auctioneers & Valuers which captures house prices actually achieved by auctioneers for three- and four-bedroom semi-detached homes and two-bedroom apartments.

The overall average increase in property prices for 2021 was just short of 12pc, with great variations across the country, according to the latest Residential Property Price Barometer by IPAV, the Institute of Professional Auctioneers & Valuers, which captures house prices actually achieved by auctioneers for three- and four-bedroom semi-detached homes and two-bedroom apartments.

Inflation figures released by the Central Statistics Office yesterday reveal that Irish inflation hit a record high. Prices on average, as measured by the Consumer Price Index (CPI), were 5.5 percent higher in December compared with December 2020. This is the largest annual change in prices since June 2001 when annual inflation was 5.3 percent. This increase in Irish inflation is mirrored in the euro area. The Harmonised Index of Consumer Prices (HICP) – the European Central Bank’s (ECB) preferred measurement of inflation - stood at 5 percent in December 2021 according to Eurostat’s flash estimate, which was the highest level recorded since the euro was introduced in 1999.

According to the latest residential market review and outlook from leading property advisors DNG, house prices are set to continue rising this year, following the strong growth in values recorded in 2021. At a national level (excluding Dublin) the DNG National Price Gauge (NPG) recorded an increase in the average price of a second hand home of 13.6 per cent last year, a marked acceleration in the rate of inflation compared to 2020 when prices rose by 1.4 per cent. At the national level (including Dublin) the overall rate of price increase last year stood at 12.0 per cent. The NPG, which tracks house prices across the country on a half yearly basis, recorded growth of 5.3 per cent in the six months to December 2021, compared to an increase of 7.9 per cent in the first six months of last year.

Housing prices rose by one percent between June and September and are now 9.1 percent higher than a year ago, according to the latest Daft.ie Sales Report released today by Ireland’s largest property website, Daft.ie.

Sherry FitzGerald, Ireland’s largest estate agent, has reported that the current protracted period of lockdown has negatively impacted the stock of properties available for sale throughout the country, thereby placing upward pressure on prices during the opening quarter of the year.

Responding to the recently published Residential Tenancies Board (RTB) rent index for Q4 2020, IPAV, the Institute of Professional Auctioneers and Valuers, said with rents staying inflated it remains much more expensive to rent than service a mortgage on a home, if only those on average wages could acquire a property.

I am sure that many of you have heard the name of Edmund Davis. I had not heard of him until I read it somewhere last week. He was the Governor of Texas who lost the election in 1873. He refused to accept the result, and he barricaded himself in the State Capital, where he and his allies accessed entry each day by ladders. I had thought that that was the way Donald Trump was going to deal with Joe Biden.