Blog

  • 19/08/2019 - Foley Auctioneers 0 Comments
    Buyers priced out of the Capital look to Meath

                                                                                            Buyers priced out of the Capital look to Meath 



    Ashbourne, Dunshaughlin, Trim, Navan are now popular with commuters priced out of the Dublin Market.  Dublin buyers now account for 40% of the Meath Market.  Navan has a frequent express bus service to Dublin with routes operating every 10 minutes at peak times but it still awaits a much needed train service.  Great value can still be had in Meath whether couples decide on affordable Georgian country houses, cute cut-stone cottages in beautiful isolation or townhouses in its main centres that offer real value to those who neither want nor need to be Dublin-based.  These towns have great appeal as they are busy thriving towns with great amenities, coffee shops, fashion boutiques and restaurants etc.  


    There are many Tourist Attractions in Meath for those lazy weekend days out with the family, which include Trim Castle, The Hill of Tara, Newgrange and the Battle of the Boyne Tourist Centre. Another great attraction in the area is that of Tayto Park which is Irelands only theme park and offers a huge variety of things to do from Zoo type animals to Rollercoaster rides.  Also within reach are the coastal towns of Bettystown and Laytown.  Both these towns have train connectivity and seaside charm.  


    You can't beat the strong community spirit in all towns in Meath together with their love of Gaelic Football.  The town of Navan are very blessed to have the wonderful Solstice Art Centre.  It was opened on Railway Street in 2006 and it houses an Art Gallery and 380 seat Auditorium for Theatre, Music etc.  It is now a thing of the past that people have to travel to Dublin to see the Arts as the Solstice Arts centre is right on the doorstep.  


    Trim Punches above its weight in terms of heritage with one obvious site, that of Trim Castle which has been used in such blockbuster movies as Braveheart.  The town is one of the decentralisation success stories with The Office of Public Works based there.  This might give options of employment for families who wish to move here.  The average price of a three bedroom semi-detached house being €250,000.  Meath Towns have a great sense of Community Spirit and put their all into supporting local people and business.  This can be see with the work that goes into the Local Tidy Town competitions each year.  These awards are hung with pride by each town lucky enough to receive this coveted award.  


    The trend of people looking beyond Dublin to the commuter towns will continue as prices in Dublin are only starting to ease. But one thing is for sure Meath is a great place to live.   



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  • 19/07/2019 0 Comments
    IRISH HOUSE PRICE INFLATION CONTINUES TO SLOW AND WHY THIS IS A GOOD THING

    County Analysis : Two Bedroom Apartment 


    With affordability increasingly stretched and the period of catch-up coming to an end in many counties, cheaper two-bedroom apartment prices are still seeing rapid gains across Ireland.  In Dublin, median prices are up 4% to €260,000, 3% in Kildare to €175,000, 10% in Meath to €170,000 and 1% in Wicklow to €250,000.  


    Eleven of the 26 counties have seen double-digit increases in asking prices over the last 12 months.  These include:  Carlow (21%), Cavan (22%) Donegal (25%), Laois (13%), Limerick (13%), Offaly (17%), Sligo (27%), Tipperary (14%) and Waterford (15%).


    County Analysis:  4 Bedroom Semi-Detached 

    At the upper end of the Market, especially in urban areas, four-bedroom Semi-Detached house price gains are clearly cooling.  The median price in Dublin was €470,000, up 4% on the year.  In Kildare, prices are up 1.8% but are down 2.8% in Meath. 


    One year ago, nine counties were seeing double-digit annual gains, but that figure has now slipped to just three.  Leitrim (25%), Limerick (16%) and Wicklow (18%) saw the fastest price gains to €125,000, €260,000 and €435,000 respectively.  However, prices have fallen over the past 12 months in several counties - Carlow (-2.5%), Donegal (-6.2%), Kerry (-4.1%) and Louth (-2%). 


    These trends together with strict Central Bank lending rules are helping to bring stability to a volatile market.  The price-income multiple is a standard measure of affordability worldwide.  In the days before property became a fast moving financial asset an affordable home for a worker was considered to be three to four times their income.  The Central Banks mortgage restrictions, which limit people to borrowing three and a half times their income, reflect this.  


    The latest figures show headline property-price inflation has cooled significantly in the past year.  In Dublin, the slowdown has been even more pronounced with prices rising just 0.6% in the year to May.  The annual rate of inflation in the capital had been negative in April.  


    All of the above are a good indicator of where the market is at at the moment and why a levelling in prices may be good.  

    Read More
  • 28/06/2019 0 Comments
    NEW HOME

                                                                                                        This is it the big move!!!   


    There has been a lot of hard work up to this point between saving hard and the long process of applying for mortgages, getting accepted by the mortgage provider and finally the drawdown of the mortgage. This in turn leads to you becoming the very happy owner of the key to your New Home.  It is an incredibly exciting time and the first time for you to make a space completely your own.  However, some people do find it overwhelming as the cost involved is vast. 


    Now, the big question is how to fill this house??  Depending on your previous living situation, you may have some pieces of furniture, or you may have almost nothing.  Either way the first thing you need to do is prioritize your purchases.  Make a list of the things that you will need straight away eg. Cooker, Fridge, Washing Machine, Dishwasher etc.  Then you can concentrate on your decor.  Dont feel that your whole space needs to be immediately done.  It is often better to live in a home for a while before making any major design decisions.  A lot of People would often advise to paint walls white or a neutral colour.  After you settle in you can decide if you wish to make bolder decisions with regard to your colour schemes.  When the time comes to pick up a paintbrush, make sure you apply a test patch first, as the same shade can look very different depending on the direction in which a room faces.  North-facing spaces tend to have bluish light, for example, while south-facing rooms get warmer, more golden light.  


    Depending on your decorating taste a visit to your local Salvage Yard is a must.  Here you will find a treasure-trove of exciting items with a low price tag.  These items can be used and placed in your home for not only a fraction but will make your home a talking point amongst your friends and family.  The items that can be sourced from Salvage Yards are endless, from doors to bathroom sinks to furniture and quirky items.  


    Add colour and texture with accessories example, soft furnishings, artworks, plants, window dressings and vases.  They really do help to set the tone of the space and they are a great way to add instant colour and texture.  A mood board is a great way to envision the look you would like.  


    Lighting has a huge impact on the way a space looks and feels and can create a great ambiance for dinner parties etc.  Lighting generally falls into three categories:  Ambient Lighting, which mimics daylight and illuminates the space as a whole.  Focused task lighting can help with certain activities.  Accent Lighting can be used to create pools of light or to highlight specific features.  Once you move in, you can add floor and table lamps to complement the built-in lighting and create a cosy, relaxed feel.  Seating and dining areas benefit from softer light sources that can be used in addition to or instead of the main overhead light to vary the mood. 


    Whichever way you wish to decorate your home, it will be a very exciting and enjoyable time either by yourself or with a partner.  


    We at Foley Auctioneers hope this Blog will be of some help and would like to wish our readers all the very best in your new home and future endeavors.  



    FOLEY AUCTIONEERS 

    Read More
  • 19/06/2019 - Foley Auctioneers 0 Comments
    BENEFITS OF PROPERTY AUCTIONS

                                                                                    What are the benefits of a Public Auction?




    No sale no Fee
    I am sold are the only auction company in Ireland who work on a No Sale, No Fee basis. Nothing to pay to enter your property into one of our auctions and we cover the cost of the extensive marketing campaign we undertake before each auction.

    Increased Exposure : 
    Each property is guaranteed increased exposure and advertising to ensure in generating more interest and bids. The extensive Marketing campaigns include both national and Regional newspapers and National and International online advertising. 


    The Security of a Non-Refundable Deposit : 
    Once a Property is sold, the buyer pays a non-refundable deposit to secure your Property, so you can be sure they are
    committed to the sale.

    An Undisclosed Reserve Price : 
    This figure is set separately to your starting bids price to ensure you reach a value you are happy for the Property to sell for.

    A fixed date to sell and Move :

    These realistic yet fixed timescales are set from the start, to ensure the process runs as smoothly as possible to time frames that benefit all. 


    Greater Levels of Interest & Viewings :  

    Your Property will naturally receive greater exposure from our websites and advertising and National and International Property portals and our online bidding facility which is accessible 24/7. This will significantly increase interest, resulting in more viewings and bids on your property. 


    Achieve Market Value : 
    Due to increased exposure and activity, we can ensure your property will have the best chance of getting interest and competitive bidding, thus achieving the best price possible for you.



                                                                                         Why choose Foley Auctioneers??

    Since opening in 1993, we at Foley Auctioneers pride ourselves on our professional service and have built our business through word of mouth, recommendations and repeat business. We are an Independent family run company with vast knowledge of the local area in Dunshaughlin, as well as surrounding areas such as Ashbourne, Blanchardstown, Dunboyne, Navan, Ratoath and Trim.

    We provide a professional experience and have a high success rate in Residential Sales and Lettings, Commercial Sales and Lettings and Land Sites as well as the Agricultural market. Our Busy Lettings, Valuation and Financial Services Departments provide a very personal professional and efficient customer service as we understand that our business is about people not just property.

    We are members of The Society of Chartered Surveyors of Ireland (SCSI) and The Royal Institute of Chartered Surveyors (RICS), the Largest body of Property Professionals in the World. The Principal in the firm Oliver Farrell is a valued member of both the SCSI and RICS, as well as being a QFAC qualified Financial Adviser and Commissioner of Oath with vast experience in the property world.


     Log on to iamsold Leinster property auction for further details.

    Read More
  • 09/05/2019 0 Comments
    Dunshaughlin Town Extension

    It is hard to believe that between 1919-1945 there were only eight private households in Dunshaughlin.  We have come a long way since those times.  Dunshaughlin for the last century has housed both the council offices for the region and our local Courthouse.  The name Dunshaughlin itself deriving from St. Sechnall, which is believed to be the nephew of St. Patrick.  From the late 1980's into the 1990's a lot of new houses appeared around the village and with this our population grew which encouraged the setting up of many new organisations eg. Sporting clubs, Community organisations and Associations.  With the influx of our increased population combined with the previous families of Dunshaughlin we have seen Dunshaughlin GFC win three senior county championships in a row at the turn of the Millennium, and going from there to the All-Ireland club semi-final in 2002.  


    Once again these are changing times for Dunshaughlin as it has recently been announced that we are to get our new Primary School.  This is great news for our Local Community.  The school is scheduled to be open for September 2019.  Louth/Meath Educational Training Board have been awarded with the patronage.  Its temporary building will be Dunshaughlin GAA in September 2019 with the schools permanent home being The Dublin Road.  


    The face of Dunshaughlin town is changing rapidly with the incoming of shops/brands Costa, Lidl and announced in March of this year Aldi.  


    GEM Groups application for its housing development in Dunshaughlin has been approved by An Bord Pleanala.  This developement comprises of 913 residential units, consisting of 505 houses, 186 duplex units and 222 apartments on the site.  90 of these homes will be allocated for social housing.  It will also include neighbourhood centre facilities including a childcare centre, two retail units and a primary healthcare unit for a gym.  The application also includes open space areas such as playgrounds and pedestrian and cycling areas.  The development is an ideal location for first time buyers and families with the hope that it may pave the way for the Railway line to open for both Dunshaughlin & Navan in the future.  


    For more information on the town extension follow the link 

    https://www.meathchronicle.ie/news/roundup/articles/2019/04/26/4173192-dunshaughlin-town-extension-of-over-900-units-gets-goahead/


    Thanks for Reading

    Foley Auctioneers

    Read More
  • Property, Sales
    29/03/2019 - Myhome.ie 0 Comments
    ASKING PRICE INFLATION STABILISES

    MyHome.ie Q1 2019 Property Report in association with Davy.

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  • 15/03/2019 - Society of Chartered Surveyors Ireland 0 Comments
    Annual Residential Market Report 2019

    National house prices to

    increase by 4% in 2019,
    down from an average of
    8% last year

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  • 15/02/2019 - Ronan Lyons 0 Comments
    The Daft.ie Rental Price Report

    New Year is a time for optimism. The Last Daft.ie Rental Report had the headline 'No end in sight for rental sector woes' and focused, in particular, on the lack of availability on the market. All of this was in the context of the tenth consecutive Rental Report where annual inflation in advertised market rents was above 10%.


    So how, then, should we interpret the fall in inflation recorded in this latest report? Nationally, inflation fell from 12.4% in mid 2018 to 9.8% by the year end. This fall was seen in Dublin and the other cities, as well as in Leinster outside of Dublin.  (Munster, Connacht and Ulster - outside the cities - are going the other way, with inflation at double - digit rates and two year highs.)

    The first thing to note is that we are still discussing substantial price increases, even if in percentage terms the increases in key markets have fallen below a noteworthy threshhold.  The average Dublin rent rose by €160 during 2018, compared to €180 in 2017.  It is unlikely that any new or existing tenants will be celebrating just because the new all time high is less dramatically above the previous high than it was compared to the figure from two years ago.

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  • 19/07/2018 - Oliver Farrell 0 Comments
    How to negotiate the mortgage maize to get your first home
    • Would be home buyers face challenges not least
      sky rocketing rents that make saving difficult
    • Under Central Bank rules borrowers are allowed to borrow 3.5 times their salary and
      need a 10% deposit, other home buyers need a 20% deposit
    • A limited number of borrowers can avail of exceptions to Central Bank Rules. In November 2017 the regulator tweaked its
      policy on exceptions, changing how the available budget for exceptions can be split between
      first time buyers and second and subsequent buyers.
    • Since January 2018 up to 20% of new lending to first time buyers can exceed the 3.5
      times salary borrowing gap, while up to 10% of it value of new lending to other
      home buyers can breach the limit.
    • This rule has created a rush at the beginning of the year. Top tip is now to get
      ready for 2019 and be ready for exceptions next year.
    • Understanding your mortgage rate options, interest rate is key, figures suggest that for the typical
      first time buyer a 0.25% increase to their mortgage will increase payments by
      €35 per month.
    • With European interest rates at record lows, a growing number of borrowers are
      choosing to fix their mortgage rate to lock in lower rates and the banks are
      now starting to offer very competitive fixed rates.
    • For borrowers it is very important to understand that interest rates will increase
      and that will happen within the next 12 months.
    • Presently variable rates in the making for somebody borrowing 90% range from 3.2% APR to
      4.4% APR. Fixed rates for the same type of person range from 3.3% APR for a 2 year fixed to 3.9% APR
      for a 10 year fixed rate. So you can see some very competitive fixed rate
      products.
    • Also some options to split between fixed and
      variable.
    • Fixed rates more flexible that in the past as a lot of banks do not charge penalties
      for breaking a fixed rate loan and also you can now with some lenders move
      house and retain the fixed loan.
    • The nuts and bolts of how a mortgage works,

      o
      How long your mortgage approval is valid for.

      o
      What you need to do to get a loan re-approved while you are searching for a
      property.

      o
      An increasing number of approvals expire and people haven’t found a house.


    • It is difficult to get a mortgage and that is probably correct.
      o
      Sometimes people need to plan for 6 months and clean up their bank current account before
      applying as banks look closely at your expenditure and savings pattern.

      o
      The Central Bank stress test all mortgage cases at 2% above the rate for prudence.
           
    • Some lenders offer cash back deals, I would say consider very carefully avoiding
      paying more in the long run. I would
      like to see these products withdrawn for to help transparency for an already
      complicated market.



      Oliver Farrell QFA is an experienced
      Mortgage And Financial Adviser with Over 25 years’ Experience and can be Contacted
      at (087) 252 5037 or farrellfinancialservices@eircom.net


    Read More

Blog

  • 19/08/2019 - Foley Auctioneers 0 Comments
    Buyers priced out of the Capital look to Meath

                                                                                            Buyers priced out of the Capital look to Meath 



    Ashbourne, Dunshaughlin, Trim, Navan are now popular with commuters priced out of the Dublin Market.  Dublin buyers now account for 40% of the Meath Market.  Navan has a frequent express bus service to Dublin with routes operating every 10 minutes at peak times but it still awaits a much needed train service.  Great value can still be had in Meath whether couples decide on affordable Georgian country houses, cute cut-stone cottages in beautiful isolation or townhouses in its main centres that offer real value to those who neither want nor need to be Dublin-based.  These towns have great appeal as they are busy thriving towns with great amenities, coffee shops, fashion boutiques and restaurants etc.  


    There are many Tourist Attractions in Meath for those lazy weekend days out with the family, which include Trim Castle, The Hill of Tara, Newgrange and the Battle of the Boyne Tourist Centre. Another great attraction in the area is that of Tayto Park which is Irelands only theme park and offers a huge variety of things to do from Zoo type animals to Rollercoaster rides.  Also within reach are the coastal towns of Bettystown and Laytown.  Both these towns have train connectivity and seaside charm.  


    You can't beat the strong community spirit in all towns in Meath together with their love of Gaelic Football.  The town of Navan are very blessed to have the wonderful Solstice Art Centre.  It was opened on Railway Street in 2006 and it houses an Art Gallery and 380 seat Auditorium for Theatre, Music etc.  It is now a thing of the past that people have to travel to Dublin to see the Arts as the Solstice Arts centre is right on the doorstep.  


    Trim Punches above its weight in terms of heritage with one obvious site, that of Trim Castle which has been used in such blockbuster movies as Braveheart.  The town is one of the decentralisation success stories with The Office of Public Works based there.  This might give options of employment for families who wish to move here.  The average price of a three bedroom semi-detached house being €250,000.  Meath Towns have a great sense of Community Spirit and put their all into supporting local people and business.  This can be see with the work that goes into the Local Tidy Town competitions each year.  These awards are hung with pride by each town lucky enough to receive this coveted award.  


    The trend of people looking beyond Dublin to the commuter towns will continue as prices in Dublin are only starting to ease. But one thing is for sure Meath is a great place to live.   



    Read More
  • 19/07/2019 0 Comments
    IRISH HOUSE PRICE INFLATION CONTINUES TO SLOW AND WHY THIS IS A GOOD THING

    County Analysis : Two Bedroom Apartment 


    With affordability increasingly stretched and the period of catch-up coming to an end in many counties, cheaper two-bedroom apartment prices are still seeing rapid gains across Ireland.  In Dublin, median prices are up 4% to €260,000, 3% in Kildare to €175,000, 10% in Meath to €170,000 and 1% in Wicklow to €250,000.  


    Eleven of the 26 counties have seen double-digit increases in asking prices over the last 12 months.  These include:  Carlow (21%), Cavan (22%) Donegal (25%), Laois (13%), Limerick (13%), Offaly (17%), Sligo (27%), Tipperary (14%) and Waterford (15%).


    County Analysis:  4 Bedroom Semi-Detached 

    At the upper end of the Market, especially in urban areas, four-bedroom Semi-Detached house price gains are clearly cooling.  The median price in Dublin was €470,000, up 4% on the year.  In Kildare, prices are up 1.8% but are down 2.8% in Meath. 


    One year ago, nine counties were seeing double-digit annual gains, but that figure has now slipped to just three.  Leitrim (25%), Limerick (16%) and Wicklow (18%) saw the fastest price gains to €125,000, €260,000 and €435,000 respectively.  However, prices have fallen over the past 12 months in several counties - Carlow (-2.5%), Donegal (-6.2%), Kerry (-4.1%) and Louth (-2%). 


    These trends together with strict Central Bank lending rules are helping to bring stability to a volatile market.  The price-income multiple is a standard measure of affordability worldwide.  In the days before property became a fast moving financial asset an affordable home for a worker was considered to be three to four times their income.  The Central Banks mortgage restrictions, which limit people to borrowing three and a half times their income, reflect this.  


    The latest figures show headline property-price inflation has cooled significantly in the past year.  In Dublin, the slowdown has been even more pronounced with prices rising just 0.6% in the year to May.  The annual rate of inflation in the capital had been negative in April.  


    All of the above are a good indicator of where the market is at at the moment and why a levelling in prices may be good.  

    Read More
  • 28/06/2019 0 Comments
    NEW HOME

                                                                                                        This is it the big move!!!   


    There has been a lot of hard work up to this point between saving hard and the long process of applying for mortgages, getting accepted by the mortgage provider and finally the drawdown of the mortgage. This in turn leads to you becoming the very happy owner of the key to your New Home.  It is an incredibly exciting time and the first time for you to make a space completely your own.  However, some people do find it overwhelming as the cost involved is vast. 


    Now, the big question is how to fill this house??  Depending on your previous living situation, you may have some pieces of furniture, or you may have almost nothing.  Either way the first thing you need to do is prioritize your purchases.  Make a list of the things that you will need straight away eg. Cooker, Fridge, Washing Machine, Dishwasher etc.  Then you can concentrate on your decor.  Dont feel that your whole space needs to be immediately done.  It is often better to live in a home for a while before making any major design decisions.  A lot of People would often advise to paint walls white or a neutral colour.  After you settle in you can decide if you wish to make bolder decisions with regard to your colour schemes.  When the time comes to pick up a paintbrush, make sure you apply a test patch first, as the same shade can look very different depending on the direction in which a room faces.  North-facing spaces tend to have bluish light, for example, while south-facing rooms get warmer, more golden light.  


    Depending on your decorating taste a visit to your local Salvage Yard is a must.  Here you will find a treasure-trove of exciting items with a low price tag.  These items can be used and placed in your home for not only a fraction but will make your home a talking point amongst your friends and family.  The items that can be sourced from Salvage Yards are endless, from doors to bathroom sinks to furniture and quirky items.  


    Add colour and texture with accessories example, soft furnishings, artworks, plants, window dressings and vases.  They really do help to set the tone of the space and they are a great way to add instant colour and texture.  A mood board is a great way to envision the look you would like.  


    Lighting has a huge impact on the way a space looks and feels and can create a great ambiance for dinner parties etc.  Lighting generally falls into three categories:  Ambient Lighting, which mimics daylight and illuminates the space as a whole.  Focused task lighting can help with certain activities.  Accent Lighting can be used to create pools of light or to highlight specific features.  Once you move in, you can add floor and table lamps to complement the built-in lighting and create a cosy, relaxed feel.  Seating and dining areas benefit from softer light sources that can be used in addition to or instead of the main overhead light to vary the mood. 


    Whichever way you wish to decorate your home, it will be a very exciting and enjoyable time either by yourself or with a partner.  


    We at Foley Auctioneers hope this Blog will be of some help and would like to wish our readers all the very best in your new home and future endeavors.  



    FOLEY AUCTIONEERS 

    Read More
  • 19/06/2019 - Foley Auctioneers 0 Comments
    BENEFITS OF PROPERTY AUCTIONS

                                                                                    What are the benefits of a Public Auction?




    No sale no Fee
    I am sold are the only auction company in Ireland who work on a No Sale, No Fee basis. Nothing to pay to enter your property into one of our auctions and we cover the cost of the extensive marketing campaign we undertake before each auction.

    Increased Exposure : 
    Each property is guaranteed increased exposure and advertising to ensure in generating more interest and bids. The extensive Marketing campaigns include both national and Regional newspapers and National and International online advertising. 


    The Security of a Non-Refundable Deposit : 
    Once a Property is sold, the buyer pays a non-refundable deposit to secure your Property, so you can be sure they are
    committed to the sale.

    An Undisclosed Reserve Price : 
    This figure is set separately to your starting bids price to ensure you reach a value you are happy for the Property to sell for.

    A fixed date to sell and Move :

    These realistic yet fixed timescales are set from the start, to ensure the process runs as smoothly as possible to time frames that benefit all. 


    Greater Levels of Interest & Viewings :  

    Your Property will naturally receive greater exposure from our websites and advertising and National and International Property portals and our online bidding facility which is accessible 24/7. This will significantly increase interest, resulting in more viewings and bids on your property. 


    Achieve Market Value : 
    Due to increased exposure and activity, we can ensure your property will have the best chance of getting interest and competitive bidding, thus achieving the best price possible for you.



                                                                                         Why choose Foley Auctioneers??

    Since opening in 1993, we at Foley Auctioneers pride ourselves on our professional service and have built our business through word of mouth, recommendations and repeat business. We are an Independent family run company with vast knowledge of the local area in Dunshaughlin, as well as surrounding areas such as Ashbourne, Blanchardstown, Dunboyne, Navan, Ratoath and Trim.

    We provide a professional experience and have a high success rate in Residential Sales and Lettings, Commercial Sales and Lettings and Land Sites as well as the Agricultural market. Our Busy Lettings, Valuation and Financial Services Departments provide a very personal professional and efficient customer service as we understand that our business is about people not just property.

    We are members of The Society of Chartered Surveyors of Ireland (SCSI) and The Royal Institute of Chartered Surveyors (RICS), the Largest body of Property Professionals in the World. The Principal in the firm Oliver Farrell is a valued member of both the SCSI and RICS, as well as being a QFAC qualified Financial Adviser and Commissioner of Oath with vast experience in the property world.


     Log on to iamsold Leinster property auction for further details.

    Read More
  • 09/05/2019 0 Comments
    Dunshaughlin Town Extension

    It is hard to believe that between 1919-1945 there were only eight private households in Dunshaughlin.  We have come a long way since those times.  Dunshaughlin for the last century has housed both the council offices for the region and our local Courthouse.  The name Dunshaughlin itself deriving from St. Sechnall, which is believed to be the nephew of St. Patrick.  From the late 1980's into the 1990's a lot of new houses appeared around the village and with this our population grew which encouraged the setting up of many new organisations eg. Sporting clubs, Community organisations and Associations.  With the influx of our increased population combined with the previous families of Dunshaughlin we have seen Dunshaughlin GFC win three senior county championships in a row at the turn of the Millennium, and going from there to the All-Ireland club semi-final in 2002.  


    Once again these are changing times for Dunshaughlin as it has recently been announced that we are to get our new Primary School.  This is great news for our Local Community.  The school is scheduled to be open for September 2019.  Louth/Meath Educational Training Board have been awarded with the patronage.  Its temporary building will be Dunshaughlin GAA in September 2019 with the schools permanent home being The Dublin Road.  


    The face of Dunshaughlin town is changing rapidly with the incoming of shops/brands Costa, Lidl and announced in March of this year Aldi.  


    GEM Groups application for its housing development in Dunshaughlin has been approved by An Bord Pleanala.  This developement comprises of 913 residential units, consisting of 505 houses, 186 duplex units and 222 apartments on the site.  90 of these homes will be allocated for social housing.  It will also include neighbourhood centre facilities including a childcare centre, two retail units and a primary healthcare unit for a gym.  The application also includes open space areas such as playgrounds and pedestrian and cycling areas.  The development is an ideal location for first time buyers and families with the hope that it may pave the way for the Railway line to open for both Dunshaughlin & Navan in the future.  


    For more information on the town extension follow the link 

    https://www.meathchronicle.ie/news/roundup/articles/2019/04/26/4173192-dunshaughlin-town-extension-of-over-900-units-gets-goahead/


    Thanks for Reading

    Foley Auctioneers

    Read More
  • Property, Sales
    29/03/2019 - Myhome.ie 0 Comments
    ASKING PRICE INFLATION STABILISES

    MyHome.ie Q1 2019 Property Report in association with Davy.

    Read More
  • 15/03/2019 - Society of Chartered Surveyors Ireland 0 Comments
    Annual Residential Market Report 2019

    National house prices to

    increase by 4% in 2019,
    down from an average of
    8% last year

    Read More
  • 15/02/2019 - Ronan Lyons 0 Comments
    The Daft.ie Rental Price Report

    New Year is a time for optimism. The Last Daft.ie Rental Report had the headline 'No end in sight for rental sector woes' and focused, in particular, on the lack of availability on the market. All of this was in the context of the tenth consecutive Rental Report where annual inflation in advertised market rents was above 10%.


    So how, then, should we interpret the fall in inflation recorded in this latest report? Nationally, inflation fell from 12.4% in mid 2018 to 9.8% by the year end. This fall was seen in Dublin and the other cities, as well as in Leinster outside of Dublin.  (Munster, Connacht and Ulster - outside the cities - are going the other way, with inflation at double - digit rates and two year highs.)

    The first thing to note is that we are still discussing substantial price increases, even if in percentage terms the increases in key markets have fallen below a noteworthy threshhold.  The average Dublin rent rose by €160 during 2018, compared to €180 in 2017.  It is unlikely that any new or existing tenants will be celebrating just because the new all time high is less dramatically above the previous high than it was compared to the figure from two years ago.

    Read More
  • 19/07/2018 - Oliver Farrell 0 Comments
    How to negotiate the mortgage maize to get your first home
    • Would be home buyers face challenges not least
      sky rocketing rents that make saving difficult
    • Under Central Bank rules borrowers are allowed to borrow 3.5 times their salary and
      need a 10% deposit, other home buyers need a 20% deposit
    • A limited number of borrowers can avail of exceptions to Central Bank Rules. In November 2017 the regulator tweaked its
      policy on exceptions, changing how the available budget for exceptions can be split between
      first time buyers and second and subsequent buyers.
    • Since January 2018 up to 20% of new lending to first time buyers can exceed the 3.5
      times salary borrowing gap, while up to 10% of it value of new lending to other
      home buyers can breach the limit.
    • This rule has created a rush at the beginning of the year. Top tip is now to get
      ready for 2019 and be ready for exceptions next year.
    • Understanding your mortgage rate options, interest rate is key, figures suggest that for the typical
      first time buyer a 0.25% increase to their mortgage will increase payments by
      €35 per month.
    • With European interest rates at record lows, a growing number of borrowers are
      choosing to fix their mortgage rate to lock in lower rates and the banks are
      now starting to offer very competitive fixed rates.
    • For borrowers it is very important to understand that interest rates will increase
      and that will happen within the next 12 months.
    • Presently variable rates in the making for somebody borrowing 90% range from 3.2% APR to
      4.4% APR. Fixed rates for the same type of person range from 3.3% APR for a 2 year fixed to 3.9% APR
      for a 10 year fixed rate. So you can see some very competitive fixed rate
      products.
    • Also some options to split between fixed and
      variable.
    • Fixed rates more flexible that in the past as a lot of banks do not charge penalties
      for breaking a fixed rate loan and also you can now with some lenders move
      house and retain the fixed loan.
    • The nuts and bolts of how a mortgage works,

      o
      How long your mortgage approval is valid for.

      o
      What you need to do to get a loan re-approved while you are searching for a
      property.

      o
      An increasing number of approvals expire and people haven’t found a house.


    • It is difficult to get a mortgage and that is probably correct.
      o
      Sometimes people need to plan for 6 months and clean up their bank current account before
      applying as banks look closely at your expenditure and savings pattern.

      o
      The Central Bank stress test all mortgage cases at 2% above the rate for prudence.
           
    • Some lenders offer cash back deals, I would say consider very carefully avoiding
      paying more in the long run. I would
      like to see these products withdrawn for to help transparency for an already
      complicated market.



      Oliver Farrell QFA is an experienced
      Mortgage And Financial Adviser with Over 25 years’ Experience and can be Contacted
      at (087) 252 5037 or farrellfinancialservices@eircom.net


    Read More
  • 19/08/2019 - Foley Auctioneers 0 Comments
    Buyers priced out of the Capital look to Meath

                                                                                            Buyers priced out of the Capital look to Meath 



    Ashbourne, Dunshaughlin, Trim, Navan are now popular with commuters priced out of the Dublin Market.  Dublin buyers now account for 40% of the Meath Market.  Navan has a frequent express bus service to Dublin with routes operating every 10 minutes at peak times but it still awaits a much needed train service.  Great value can still be had in Meath whether couples decide on affordable Georgian country houses, cute cut-stone cottages in beautiful isolation or townhouses in its main centres that offer real value to those who neither want nor need to be Dublin-based.  These towns have great appeal as they are busy thriving towns with great amenities, coffee shops, fashion boutiques and restaurants etc.  


    There are many Tourist Attractions in Meath for those lazy weekend days out with the family, which include Trim Castle, The Hill of Tara, Newgrange and the Battle of the Boyne Tourist Centre. Another great attraction in the area is that of Tayto Park which is Irelands only theme park and offers a huge variety of things to do from Zoo type animals to Rollercoaster rides.  Also within reach are the coastal towns of Bettystown and Laytown.  Both these towns have train connectivity and seaside charm.  


    You can't beat the strong community spirit in all towns in Meath together with their love of Gaelic Football.  The town of Navan are very blessed to have the wonderful Solstice Art Centre.  It was opened on Railway Street in 2006 and it houses an Art Gallery and 380 seat Auditorium for Theatre, Music etc.  It is now a thing of the past that people have to travel to Dublin to see the Arts as the Solstice Arts centre is right on the doorstep.  


    Trim Punches above its weight in terms of heritage with one obvious site, that of Trim Castle which has been used in such blockbuster movies as Braveheart.  The town is one of the decentralisation success stories with The Office of Public Works based there.  This might give options of employment for families who wish to move here.  The average price of a three bedroom semi-detached house being €250,000.  Meath Towns have a great sense of Community Spirit and put their all into supporting local people and business.  This can be see with the work that goes into the Local Tidy Town competitions each year.  These awards are hung with pride by each town lucky enough to receive this coveted award.  


    The trend of people looking beyond Dublin to the commuter towns will continue as prices in Dublin are only starting to ease. But one thing is for sure Meath is a great place to live.   



    Read More
  • 19/07/2019 0 Comments
    IRISH HOUSE PRICE INFLATION CONTINUES TO SLOW AND WHY THIS IS A GOOD THING

    County Analysis : Two Bedroom Apartment 


    With affordability increasingly stretched and the period of catch-up coming to an end in many counties, cheaper two-bedroom apartment prices are still seeing rapid gains across Ireland.  In Dublin, median prices are up 4% to €260,000, 3% in Kildare to €175,000, 10% in Meath to €170,000 and 1% in Wicklow to €250,000.  


    Eleven of the 26 counties have seen double-digit increases in asking prices over the last 12 months.  These include:  Carlow (21%), Cavan (22%) Donegal (25%), Laois (13%), Limerick (13%), Offaly (17%), Sligo (27%), Tipperary (14%) and Waterford (15%).


    County Analysis:  4 Bedroom Semi-Detached 

    At the upper end of the Market, especially in urban areas, four-bedroom Semi-Detached house price gains are clearly cooling.  The median price in Dublin was €470,000, up 4% on the year.  In Kildare, prices are up 1.8% but are down 2.8% in Meath. 


    One year ago, nine counties were seeing double-digit annual gains, but that figure has now slipped to just three.  Leitrim (25%), Limerick (16%) and Wicklow (18%) saw the fastest price gains to €125,000, €260,000 and €435,000 respectively.  However, prices have fallen over the past 12 months in several counties - Carlow (-2.5%), Donegal (-6.2%), Kerry (-4.1%) and Louth (-2%). 


    These trends together with strict Central Bank lending rules are helping to bring stability to a volatile market.  The price-income multiple is a standard measure of affordability worldwide.  In the days before property became a fast moving financial asset an affordable home for a worker was considered to be three to four times their income.  The Central Banks mortgage restrictions, which limit people to borrowing three and a half times their income, reflect this.  


    The latest figures show headline property-price inflation has cooled significantly in the past year.  In Dublin, the slowdown has been even more pronounced with prices rising just 0.6% in the year to May.  The annual rate of inflation in the capital had been negative in April.  


    All of the above are a good indicator of where the market is at at the moment and why a levelling in prices may be good.  

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  • 28/06/2019 0 Comments
    NEW HOME

                                                                                                        This is it the big move!!!   


    There has been a lot of hard work up to this point between saving hard and the long process of applying for mortgages, getting accepted by the mortgage provider and finally the drawdown of the mortgage. This in turn leads to you becoming the very happy owner of the key to your New Home.  It is an incredibly exciting time and the first time for you to make a space completely your own.  However, some people do find it overwhelming as the cost involved is vast. 


    Now, the big question is how to fill this house??  Depending on your previous living situation, you may have some pieces of furniture, or you may have almost nothing.  Either way the first thing you need to do is prioritize your purchases.  Make a list of the things that you will need straight away eg. Cooker, Fridge, Washing Machine, Dishwasher etc.  Then you can concentrate on your decor.  Dont feel that your whole space needs to be immediately done.  It is often better to live in a home for a while before making any major design decisions.  A lot of People would often advise to paint walls white or a neutral colour.  After you settle in you can decide if you wish to make bolder decisions with regard to your colour schemes.  When the time comes to pick up a paintbrush, make sure you apply a test patch first, as the same shade can look very different depending on the direction in which a room faces.  North-facing spaces tend to have bluish light, for example, while south-facing rooms get warmer, more golden light.  


    Depending on your decorating taste a visit to your local Salvage Yard is a must.  Here you will find a treasure-trove of exciting items with a low price tag.  These items can be used and placed in your home for not only a fraction but will make your home a talking point amongst your friends and family.  The items that can be sourced from Salvage Yards are endless, from doors to bathroom sinks to furniture and quirky items.  


    Add colour and texture with accessories example, soft furnishings, artworks, plants, window dressings and vases.  They really do help to set the tone of the space and they are a great way to add instant colour and texture.  A mood board is a great way to envision the look you would like.  


    Lighting has a huge impact on the way a space looks and feels and can create a great ambiance for dinner parties etc.  Lighting generally falls into three categories:  Ambient Lighting, which mimics daylight and illuminates the space as a whole.  Focused task lighting can help with certain activities.  Accent Lighting can be used to create pools of light or to highlight specific features.  Once you move in, you can add floor and table lamps to complement the built-in lighting and create a cosy, relaxed feel.  Seating and dining areas benefit from softer light sources that can be used in addition to or instead of the main overhead light to vary the mood. 


    Whichever way you wish to decorate your home, it will be a very exciting and enjoyable time either by yourself or with a partner.  


    We at Foley Auctioneers hope this Blog will be of some help and would like to wish our readers all the very best in your new home and future endeavors.  



    FOLEY AUCTIONEERS 

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  • 19/06/2019 - Foley Auctioneers 0 Comments
    BENEFITS OF PROPERTY AUCTIONS

                                                                                    What are the benefits of a Public Auction?




    No sale no Fee
    I am sold are the only auction company in Ireland who work on a No Sale, No Fee basis. Nothing to pay to enter your property into one of our auctions and we cover the cost of the extensive marketing campaign we undertake before each auction.

    Increased Exposure : 
    Each property is guaranteed increased exposure and advertising to ensure in generating more interest and bids. The extensive Marketing campaigns include both national and Regional newspapers and National and International online advertising. 


    The Security of a Non-Refundable Deposit : 
    Once a Property is sold, the buyer pays a non-refundable deposit to secure your Property, so you can be sure they are
    committed to the sale.

    An Undisclosed Reserve Price : 
    This figure is set separately to your starting bids price to ensure you reach a value you are happy for the Property to sell for.

    A fixed date to sell and Move :

    These realistic yet fixed timescales are set from the start, to ensure the process runs as smoothly as possible to time frames that benefit all. 


    Greater Levels of Interest & Viewings :  

    Your Property will naturally receive greater exposure from our websites and advertising and National and International Property portals and our online bidding facility which is accessible 24/7. This will significantly increase interest, resulting in more viewings and bids on your property. 


    Achieve Market Value : 
    Due to increased exposure and activity, we can ensure your property will have the best chance of getting interest and competitive bidding, thus achieving the best price possible for you.



                                                                                         Why choose Foley Auctioneers??

    Since opening in 1993, we at Foley Auctioneers pride ourselves on our professional service and have built our business through word of mouth, recommendations and repeat business. We are an Independent family run company with vast knowledge of the local area in Dunshaughlin, as well as surrounding areas such as Ashbourne, Blanchardstown, Dunboyne, Navan, Ratoath and Trim.

    We provide a professional experience and have a high success rate in Residential Sales and Lettings, Commercial Sales and Lettings and Land Sites as well as the Agricultural market. Our Busy Lettings, Valuation and Financial Services Departments provide a very personal professional and efficient customer service as we understand that our business is about people not just property.

    We are members of The Society of Chartered Surveyors of Ireland (SCSI) and The Royal Institute of Chartered Surveyors (RICS), the Largest body of Property Professionals in the World. The Principal in the firm Oliver Farrell is a valued member of both the SCSI and RICS, as well as being a QFAC qualified Financial Adviser and Commissioner of Oath with vast experience in the property world.


     Log on to iamsold Leinster property auction for further details.

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  • 09/05/2019 0 Comments
    Dunshaughlin Town Extension

    It is hard to believe that between 1919-1945 there were only eight private households in Dunshaughlin.  We have come a long way since those times.  Dunshaughlin for the last century has housed both the council offices for the region and our local Courthouse.  The name Dunshaughlin itself deriving from St. Sechnall, which is believed to be the nephew of St. Patrick.  From the late 1980's into the 1990's a lot of new houses appeared around the village and with this our population grew which encouraged the setting up of many new organisations eg. Sporting clubs, Community organisations and Associations.  With the influx of our increased population combined with the previous families of Dunshaughlin we have seen Dunshaughlin GFC win three senior county championships in a row at the turn of the Millennium, and going from there to the All-Ireland club semi-final in 2002.  


    Once again these are changing times for Dunshaughlin as it has recently been announced that we are to get our new Primary School.  This is great news for our Local Community.  The school is scheduled to be open for September 2019.  Louth/Meath Educational Training Board have been awarded with the patronage.  Its temporary building will be Dunshaughlin GAA in September 2019 with the schools permanent home being The Dublin Road.  


    The face of Dunshaughlin town is changing rapidly with the incoming of shops/brands Costa, Lidl and announced in March of this year Aldi.  


    GEM Groups application for its housing development in Dunshaughlin has been approved by An Bord Pleanala.  This developement comprises of 913 residential units, consisting of 505 houses, 186 duplex units and 222 apartments on the site.  90 of these homes will be allocated for social housing.  It will also include neighbourhood centre facilities including a childcare centre, two retail units and a primary healthcare unit for a gym.  The application also includes open space areas such as playgrounds and pedestrian and cycling areas.  The development is an ideal location for first time buyers and families with the hope that it may pave the way for the Railway line to open for both Dunshaughlin & Navan in the future.  


    For more information on the town extension follow the link 

    https://www.meathchronicle.ie/news/roundup/articles/2019/04/26/4173192-dunshaughlin-town-extension-of-over-900-units-gets-goahead/


    Thanks for Reading

    Foley Auctioneers

    Read More
  • Property, Sales
    29/03/2019 - Myhome.ie 0 Comments
    ASKING PRICE INFLATION STABILISES

    MyHome.ie Q1 2019 Property Report in association with Davy.

    Read More
  • 15/03/2019 - Society of Chartered Surveyors Ireland 0 Comments
    Annual Residential Market Report 2019

    National house prices to

    increase by 4% in 2019,
    down from an average of
    8% last year

    Read More
  • 15/02/2019 - Ronan Lyons 0 Comments
    The Daft.ie Rental Price Report

    New Year is a time for optimism. The Last Daft.ie Rental Report had the headline 'No end in sight for rental sector woes' and focused, in particular, on the lack of availability on the market. All of this was in the context of the tenth consecutive Rental Report where annual inflation in advertised market rents was above 10%.


    So how, then, should we interpret the fall in inflation recorded in this latest report? Nationally, inflation fell from 12.4% in mid 2018 to 9.8% by the year end. This fall was seen in Dublin and the other cities, as well as in Leinster outside of Dublin.  (Munster, Connacht and Ulster - outside the cities - are going the other way, with inflation at double - digit rates and two year highs.)

    The first thing to note is that we are still discussing substantial price increases, even if in percentage terms the increases in key markets have fallen below a noteworthy threshhold.  The average Dublin rent rose by €160 during 2018, compared to €180 in 2017.  It is unlikely that any new or existing tenants will be celebrating just because the new all time high is less dramatically above the previous high than it was compared to the figure from two years ago.

    Read More
  • 19/07/2018 - Oliver Farrell 0 Comments
    How to negotiate the mortgage maize to get your first home
    • Would be home buyers face challenges not least
      sky rocketing rents that make saving difficult
    • Under Central Bank rules borrowers are allowed to borrow 3.5 times their salary and
      need a 10% deposit, other home buyers need a 20% deposit
    • A limited number of borrowers can avail of exceptions to Central Bank Rules. In November 2017 the regulator tweaked its
      policy on exceptions, changing how the available budget for exceptions can be split between
      first time buyers and second and subsequent buyers.
    • Since January 2018 up to 20% of new lending to first time buyers can exceed the 3.5
      times salary borrowing gap, while up to 10% of it value of new lending to other
      home buyers can breach the limit.
    • This rule has created a rush at the beginning of the year. Top tip is now to get
      ready for 2019 and be ready for exceptions next year.
    • Understanding your mortgage rate options, interest rate is key, figures suggest that for the typical
      first time buyer a 0.25% increase to their mortgage will increase payments by
      €35 per month.
    • With European interest rates at record lows, a growing number of borrowers are
      choosing to fix their mortgage rate to lock in lower rates and the banks are
      now starting to offer very competitive fixed rates.
    • For borrowers it is very important to understand that interest rates will increase
      and that will happen within the next 12 months.
    • Presently variable rates in the making for somebody borrowing 90% range from 3.2% APR to
      4.4% APR. Fixed rates for the same type of person range from 3.3% APR for a 2 year fixed to 3.9% APR
      for a 10 year fixed rate. So you can see some very competitive fixed rate
      products.
    • Also some options to split between fixed and
      variable.
    • Fixed rates more flexible that in the past as a lot of banks do not charge penalties
      for breaking a fixed rate loan and also you can now with some lenders move
      house and retain the fixed loan.
    • The nuts and bolts of how a mortgage works,

      o
      How long your mortgage approval is valid for.

      o
      What you need to do to get a loan re-approved while you are searching for a
      property.

      o
      An increasing number of approvals expire and people haven’t found a house.


    • It is difficult to get a mortgage and that is probably correct.
      o
      Sometimes people need to plan for 6 months and clean up their bank current account before
      applying as banks look closely at your expenditure and savings pattern.

      o
      The Central Bank stress test all mortgage cases at 2% above the rate for prudence.
           
    • Some lenders offer cash back deals, I would say consider very carefully avoiding
      paying more in the long run. I would
      like to see these products withdrawn for to help transparency for an already
      complicated market.



      Oliver Farrell QFA is an experienced
      Mortgage And Financial Adviser with Over 25 years’ Experience and can be Contacted
      at (087) 252 5037 or farrellfinancialservices@eircom.net


    Read More