Search Results for 'Pat Davitt'
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IPAV, the Institute of Professional Auctioneers and Valuers, has welcomed the opening for business of the €750 million Home Building Finance Ireland (HBFI) fund first announced in October 2017.
Commenting on the recent CSO Residential Property Price Index, IPAV, the Institute of Professional Auctioneers and Valuers, said it is showing “a mixed, if unsurprising picture in the year to October” with a slight drop outside Dublin overall, yet a 21.5 percent increase in the Mid-West and a small increase in Dublin of 0.5 percent
While house price inflation continues, agricultural land prices overall in the last 12 months remained steady but the range of prices achieved for land is extensive and very much subject to location and quality, from €4,000 per acre for marginal lands to €15,000 for smaller plots in commuter belt areas. Average prices being achieved are in the €9-9,500 per acre bracket.
Commenting on the CSO Residential Property Price Index showing a slowing of house price inflation, IPAV, the Institute of Professional Auctioneers & Valuers, said the figures indicate that market forces are working, despite the shortage of homes.
The Institute of Professional Auctioneers & Valuers says disproportionate regulation of private landlords is the primary cause of the trend to let homes to tourists rather than long term tenants. The issue was flagged in the latest Daft.ie report.
The Institute of Professional Auctioneers and Valuers (IPAV) has criticised how slowly the State has moved in addressing certain housing issues.
The spread of economic growth to the regions would appear to be responsible for a faster pace of growth in house prices for the second half of 2017. Much of this is coming from a low base however, with many properties still selling for less than the cost of building them.
The latest Residential Tenancies Board (RTB) rent index for Q3 2017 showing an increased rate of growth in rents is evidence that rent controls, introduced one year ago last month, do not work, the Institute of Professional Auctioneers & Valuers (IPAV) has said.
The Institute of Professional Auctioneers & Valuers (IPAV) is calling on the Government to concentrate solely on measures that will lead to an increase in housing stock in the country.
Acceleration in house prices can be expected to continue until supply ramps up on its current “anaemic level”, the Institute of Professional Auctioneers & Valuers (IPAV) has warned.