Real Estate & Property Investment News in Ireland from Propertyshowrooms.com

Irish government approves holiday home tax

Wed, 11 Feb 2009 00:00:00 GMT

The Irish government has approved plans to introduce an annual charge for owners of holiday homes throughout the country. The €200 levy is expected to come into effect in the next few months.

Legislation can now be drafted that will allow local authorities to introduce the charge, according to the Press Association. The levy will affect owners of self catering holiday cottages in Ireland as well as those with other non-principal residences in the country.

However, the charge will not be levied on new houses that have yet to be sold or on overseas properties owned by Irish citizens. It is thought that the charge will generate €40m for the Irish government per year. The revenue will be collected by local authorities and be used to fund services in the locality.

Estimates suggest that the new legislation will apply to up to 200,000 properties. Owners who fail to declare eligible properties are likely to be fined.

This story was brought to you by holidaylettings.co.uk, the UK's No.1 for holiday homes worldwide.

Ireland's gov't to nationalize Anglo-Irish

Fri, 16 Jan 2009 00:00:00 GMT

LONDON (AP) - Ireland's government has moved to take over Anglo Irish Bank, declaring that an earlier plan to inject money into the troubled lender was not enough to secure the future of an institution battered by the collapse of the Celtic Tiger boom...

Weak pound causes problems for Ireland

Mon, 12 Jan 2009 00:00:00 GMT

The recent weakness of the pound against the euro is causing difficulties for Ireland and the currency’s drop is effectively a “devaluation”, Irish Finance Minister Brian Lenihan said in a newspaper interview...

Irish move to recapitalise banks

Mon, 22 Dec 2008 00:00:00 GMT

The Irish government is to recapitalise its three biggest banks offering them a cash injection of 5.5bn euro...

Police make arrests in Spanish property scam

Fri, 12 Dec 2008 00:00:00 GMT

Thousands of British and Irish property investors are believed to be victims of what is emerging as Spain's biggest real estate scam to date...

Irish property investment spend down 60% in a year

Thu, 27 Nov 2008 00:00:00 GMT

Irish property investors have spent at least 60% less on real estate in the last year and have been crippled by lack of liquidity in the system, according to the latest research report...

Fuel costs dent Ryanair profits

Mon, 3 Nov 2008 00:00:00 GMT

Profits at budget airline Ryanair fell 47% in the first half of the financial year, the Irish firm says, as fuel costs soared...

Irish exodus Down Under

Mon, 15 Sep 2008 00:00:00 GMT

More young families from Ireland are emigrating to Australia and New Zealand...

Plan for 250 homes at Glenamuck rejected by Bord

Thu, 11 Sep 2008 00:00:00 GMT

AN BORD PLEANÁLA has ruled against a large residential development on Enniskerry Road, Glenamuck, Dublin 18...

Developers sought for key Waterford quayside site

Wed, 10 Sep 2008 00:00:00 GMT

THE PORT OF Waterford is seeking expressions of interest for the North Quays, either from a developer who will develop the site alone or as a joint venture with the port company...

Former Irish PM Bertie Ahern appointed to board of Irish property company

Mon, 8 Sep 2008 00:00:00 GMT

Ireland’s former prime minister Bertie Ahern has been appointed to an advisory board of major Irish company Parker Green International...

Ireland’s Swords Pavilions plans €1bn expansion

Wed, 27 Aug 2008 00:00:00 GMT

Ireland’s Chartered Land has applied for planning permission for a major expansion of its Swords Pavilions shopping centre in Fingal, north Dublin...

Ryanair Emergency Landing Sparks Cabin Pressure Debate

Tue, 26 Aug 2008 00:00:00 GMT

16 passengers injured after forced landing in central France...

Irish commercial property market ‘at virtual standstill’ says CB Richard Ellis

Tue, 26 Aug 2008 00:00:00 GMT

The Irish property investment market is at a ‘virtual standstill’ ahead of the autumn selling season with investment totals for the first half of the year nearly 80% down on the same period last year, said CB Richard Ellis today...

Irish parents help to boost Edinburgh market

Thu, 14 Aug 2008 00:00:00 GMT

WITH SCOTTISH universities now attracting well over 2,000 applications from Irish teenagers annually, property agents in Edinburgh are seeing an upsurge in enquiries from Irish parents...

Bray town centre plan appealed

Thu, 14 Aug 2008 00:00:00 GMT

PLANNING & DEVELOPMENT:A PROPOSAL to build a €2 billion scheme in Bray town centre has been appealed to An Bord Pleanála...

Estate agents close under market pressure

Thu, 14 Aug 2008 00:00:00 GMT

Newer agents take the biggest hit while established companies drop salaries and diversify into rentals and commercial property...

Memorial to Irish architect of White House unveiled in Kilkenny

Thu, 7 Aug 2008 00:00:00 GMT

A MEMORIAL to the Kilkenny-born architect of the White House, James Hoban, is being unveiled this evening, 100 yards from his birthplace near Callan. The structure, commemorating 250 years since the architect's birth, has taken just nine days to build...

Locals challenge Vicar Street plan

Thu, 31 Jul 2008 00:00:00 GMT

DEVELOPER HARRY Crosbie's proposal to build a no-star 194-bed hotel to the rear of Vicar Street music venue in Dublin's Liberties has been challenged by local residents...

Peter Mark for Pavilions extension in Swords

Wed, 30 Jul 2008 00:00:00 GMT

IRISH HAIRDRESSING group Peter Mark is to unveil its new "Style Club" brand this autumn with a store in Dublin city centre and another one in the recently completed extension to The Pavilions shopping centre in Swords, Co Dublin...

Cash flow crisis looms for hotels

Wed, 30 Jul 2008 00:00:00 GMT

MANY IRISH hotels are heading into a severe cash flow crisis because of an oversupply of bedrooms and pressure on rates, according to Weldon Mather, managing director of the Naas-based tourism experts WM Consultancy...

Investors circle sale of Liffey Valley

Wed, 30 Jul 2008 00:00:00 GMT

The companies selling a 50 per cent stake in the Liffey Valley centre may have to trim back their expectations to achieve a sale...

Major change in tenancy law introduced

Wed, 23 Jul 2008 00:00:00 GMT

SINCE MONDAY there has been a significant legislative change for business tenants in Ireland...

Building boom in north docklands

Wed, 23 Jul 2008 00:00:00 GMT

DUBLIN'S NORTH docklands remains the busiest area for construction activity in the city...

8 million for ready-to-go shopping centre and residential site in Wicklow town

Wed, 23 Jul 2008 00:00:00 GMT

A KEY SITE for a ready-to-go shopping centre and residential scheme in the heart of Wicklow town is to be offered for sale by private treaty through Dooley Poynton Commercial. Eugene Dooley of the agency is quoting a guide price of €8 million for the site of 0.61 of an acre which has full planning permission for about 3,716sq m (40,000sq ft) of shopping facilities, 48 car-parking spaces and nine apartments...

Irish Life to sell portfolio in September

Wed, 23 Jul 2008 00:00:00 GMT

There will be keen interest in the outcome of the planned sale of three secondary buildings owned by Irish Life later this year, writes Gretchen Friemann...

Values in freefall after worst Q2 returns in 35 years

Wed, 23 Jul 2008 00:00:00 GMT

The latest results from the Jones Lang LaSalle Irish Property Index will set alarm bells ringing in the industry, writes Jack Fagan...

Ryanair Cuts More Winter Flights

Thu, 17 Jul 2008 00:00:00 GMT

Budget airline Ryanair has announced substantial cutbacks in its flights from a leading holiday airport next winter...

Golf course site on millionaires' row in Lahinch could make €700,000

Thu, 17 Jul 2008 00:00:00 GMT

A RARE residential site sandwiched between Lahinch's two golf courses, above, could make €700,000 when it is auctioned next month...

Crosbie gets go-ahead for 'no star' hotel

Thu, 17 Jul 2008 00:00:00 GMT

DEVELOPER HARRY Crosbie has been granted planning permission to build a no-star hotel - where room rates will start at €50 - to the rear of the Vicar Street music venue in Dublin's Liberties...

Shrewsbury Square developers plan to supersize D4 apartments

Thu, 17 Jul 2008 00:00:00 GMT

THE OLD adage that size matters seems to be ringing true for the developers of the swish Shrewsbury Square apartment complex in Ballsbridge, Dublin 4...

Ultra-modern supermarket for Ennistymon

Wed, 16 Jul 2008 00:00:00 GMT

SUMMER visitors to Clare's beautiful old town of Ennistymon are in for a shock with the opening of an ultra-modern supermarket alongside some of the oldest shopfronts in the country...

IIB raises €14.2m for a deal here and one abroad

Wed, 16 Jul 2008 00:00:00 GMT

A property in Dublin and one in Brussels have been bought by two private investors, writes GretchenFriemann...

400,000 Irish people own a foreign property-120708

Sat, 12 Jul 2008 00:00:00 GMT

A website in Ireland has revealed that approximately 400,000 people in the country own an overseas property.

According to Holiday Homes Direct, most of these people bough a foreign residence within the last 10 years.

Commenting on this trend, spokesperson Suzanne Quinn said the increase in overseas property ownership in the last decade has been "phenomenal".

She told the Herald: "Nearly everyone knows at least one other person who owns a holiday home abroad."

Ms Quinn added that second home owners visit their property about five times a year on average, while many also let friends and relatives use it free of charge.

This, she stated, has contributed to a decline in the take-up of traditional package holidays in recent years.

Earlier this month, a similar trend in the UK was highlighted by Foreign Currency Direct, Travel Weekly reported.

According to the organisation, this is also partly because British people now prefer to take lots of short breaks instead of a single 2-week holiday.

An Taisce hits plan for 10-storey Cork tower

Thu, 10 Jul 2008 00:00:00 GMT

AN TAISCE has criticised a proposal for a 10-storey cylindrical tower as part of a major redevelopment of Government Buildings in Cork city as "an unacceptable intrusion" in a medieval part of the city...

Landmark'sSandyford plan refused

Thu, 10 Jul 2008 00:00:00 GMT

Permission for Sandyford Gateway, a large mixed use development at Beacon Court, has been rejected by Dún Laoghaire-Rathdown Co Council, writes Edel Morgan...

Property bill on hold - don't hold your breath as lawyers get to work

Thu, 10 Jul 2008 00:00:00 GMT

THE GOVERNMENTS planned publication of the bill to regulate the property market has now run into legal problems. In the Dail on Tuesday, Justice Minister, Dermot Ahern, told Labours Ruairi Quinn that certain legal issues had arisen and that publication of the Bill was subject to their resolution...

What Irish investors want now . . . a quiet villa near the coast

Wed, 9 Jul 2008 00:00:00 GMT

VILLAS ON THE COTE:Irish investors have done well buying Cote d'Azur apartments off plans - now they want to switch to villas, says agent Bernie Ennis who has just the thing...

Dublins office market weakens

Wed, 9 Jul 2008 00:00:00 GMT

Dublin’s office market is weakening in the face of decreasing occupier demand and deteriorating economic conditions, says CB Richard Ellis in it Dublin Office Q2 Market report...

Docklands business centre gets high profile tenants

Wed, 9 Jul 2008 00:00:00 GMT

Willie Smyth owner of the Fitzwilliam Business Centre in the south Dublin docklands, continues to attract high profile tenants to his latest office development...

Developers paid €2.124bn in planning charges

Wed, 9 Jul 2008 00:00:00 GMT

DEVELOPERS paid €2.124 billion in planning permission-related charges to local authorities between 2000 and 2006, and will pay an estimated €2.1 billion in additional charges by 2013, a research study carried out by Jones Lang LaSalle reveals...

Work to build mixed-use scheme on Player Wills site to start in 2009

Wed, 9 Jul 2008 00:00:00 GMT

UP TO 500 residential units are included in the planned Players Square, a mixed-use redevelopment of the former Player Wills and Bailey Gibson sites on the South Circular Road in Dublin 8. The scheme totals 64,200sq m (691,042sq ft) in a range of buildings on the 4.2-hectare brownfield site...

Turnover in first half of 2008 shows dramatic fall to €200m

Wed, 9 Jul 2008 00:00:00 GMT

Properties for sale off market struggling to find buyers says DTZ ...

IPUT sells city centre block for €17.8m

Wed, 9 Jul 2008 00:00:00 GMT

A private investor will get a return of 5.2% on Aviation House, a six-storey block with redevelopment potential, writes Jack Fagan...

Bord says yes to plan for ESB shop in D2

Thu, 3 Jul 2008 00:00:00 GMT

AN BORD Pleanála has approved a proposal to redevelop the former ESB showrooms on Fleet Street, Dublin 2 into an office and retail scheme despite a recommendation by its own inspector to refuse planning permission...

Eight appeals to Burlington Hotel plan

Thu, 3 Jul 2008 00:00:00 GMT

AN TAISCE is one of eight parties to appeal developer Bernard McNamara’s proposal for a €1 billion redevelopment of a 5.4-acre site that includes the Burlington Hotel in Dublin 4...

CRH warns US slowdown to hit profits

Wed, 2 Jul 2008 00:00:00 GMT

The Irish building materials group warned that the slowdown in the US and parts of Europe would hit profits this year in the "high single digit percentage" figure

Irish firm pays over €27 million for Hamburg investment

Wed, 2 Jul 2008 00:00:00 GMT

IRISH WEALTH management company, Custom House Capital Ltd, has broadened its European investment property portfolio with another acquisition in Germany.

€2.6m for McDonalds unit in Bray Town Hall

Wed, 2 Jul 2008 00:00:00 GMT

AN UNUSUAL investment has come on the market in Bray, Co Wicklow, involving the retail element of the Bray Town Hall, the best known building in the town.

Pull Bear to exit Drogheda's Scotch Hall

Wed, 2 Jul 2008 00:00:00 GMT

JUST TWO months after Top Shop announced its surprise exit from Drogheda's Scotch Hall shopping centre, another major retailer has decided to hand back the keys after less than three years of trade at the centre. Gretchen Friemann reports.