Tuesday, November 16, 2010
Friday, November 5, 2010
Clothing retailer DV8 opened its doors in Clonmel today.
Situated in The Ormonde Centre (Former Tesco) on Gladstone St, the shop has been thronged since this morning.
Manager Brian, says that he has never seen an opening morning like it and it is on target to being their most successful opening to date.
Occupying 5,000sq ft, securing DV8 was a great boost for the town centre.
Wishing them every future success.
Wednesday, November 3, 2010
Yesterday, November 2nd, we offered a Residential holding at Cloughabreeda, Cahir for sale.
The sale took place by Public Auction at our offices.
10 potential purchasers attended, with 3 bidders involved.
After an opening bid of €250,000, the property increased in increments to €330,000, when a temporary break was taken for consultation with the Vendors.
On our return, bidding resumed and when it reached €350,000, the property was placed “On the Market”.
Two more bids saw the offer climb to €360,000, at which price it was sold.
This was a good result for a property which had generated lots of pre-sale interest.
We wish the purchasers the best of luck.
Monday, November 1, 2010
Some of the findings of the IAVI Q3 Residential Survey:
- Sales activity in the residential property market continues to increase across Ireland, with IAVI members reporting an increase in Quarter 3 in the net balance* of instructions (+31%), number of properties for sale (+31%), viewings (+17%), enquiries (+16%), offers (+13%), sales agreed (+16%) and sales closed (+15%).
- However, the increases in sales activity in Q3 were at a more moderate pace relative to Q2 and Q1. This was due to buyer uncertainty around possible taxation changes in the upcoming Budget and NAMA.
- In relation to the ability of buyers to access mortgage finance over the past quarter, 61% of respondents in Dublin, 62% of respondents in Munster and 62% in Connaught/Donegal thought that it had worsened. In Leinster, 49% of respondents said that it has remained the same.
- In relation to trends in residential property values in Q3, 43% of respondents reported either ‘no change’ or marginal declines of up to 2.5%. 29% of respondents reported average declines of 2.6-5% and 19% reported declines of 5.1-10%. Declines of over 10% were reported by 6% of respondents. Increases were reported by 3% of respondents.
- In all regions, the majority of respondents reported that the typical profile of buyers were first time buyers.
- The average time it takes to sell a property remained static in Dublin (15 weeks), increased by two weeks in Leinster (23 weeks), decreased by three weeks in Munster (25 weeks) and decreased by three weeks in Connaught/Donegal (31 weeks).
You can download the full report here and the press release here IAVI Survey shows continued increases in sales activity nationwide
* The net balance refers to the proportion of members reporting a rise in activity less those reporting a fall. This approach is commonly used in surveys of this nature including the RICS Housing Market Survey.