Thursday, 23 October 2014
The 170 page report prepared for The Housing Agency on behalf of the Private Residential Tenancies Board says Rent Control would not address the underlying problems in the sector, would not generate better outcomes for tenants, and could lead to between 52,000 and 89,000 rented properties exiting the system.
The report warns that while rent regulations may have an initial benefit to tenants, the longer-term impact would see landlords leave the market, reducing supply and ensuring an upward pressure on rents. “Given where the Irish housing market is at present, the introduction of rent regulations in Ireland is likely to exacerbate the current problems being experienced in the market,” the report says. “A whole series of negative impacts are likely, including a reduction in new supply of rented property as well as an exodus of existing landlords from the sector.
New foreign investment, which is currently being encouraged to address the supply shortage, is likely to be discouraged. A supply-constrained market can also result in landlords being selective about their choice of tenant, thus generating black market activity. This issue may already be a feature of the market. Moreover, the introduction of rent regulations would see the impact falling disproportionately hard on the very people that the rent regulations are trying to assist.” Sources - Irish Examiner - Irish Times - PRTB
Go to this page at the PRTB website to download the PDF report
Wednesday, 1 October 2014
The IPOA press release - Need to encourage investment.
Monday, 4 August 2014
He gives the example of one person "One of our customers recently hired a car for a weekend to attend a wedding in the south of Spain. He initially chose a mid-range car but was persuaded to upgrade to a prestige model as part of a special deal.
Because he had already arranged his own insurance through ourselves, he refused the rental company's offer of car hire excess insurance.
When he returned the car, it was found to have minor damage. He had managed to pick up a tiny stone chip in the windscreen which he thought would be considered wear and tear.
The car hire company disagreed. It said that, because the windscreen was heated, it would deduct the full excess of €1,250 from his credit card. This particular customer was told by the car hire company that the car hire excess insurance he had arranged separately with CarHireExcess.com would not cover him, which wasn't the case. He reclaimed the €1,250 charge from his policy, which cost him just €49 a year.
Car hire excess insurance can be well worth it - but you must shop around. Otherwise, you could pay hundreds of euro more than you need to."
See the full article Here Go to the CarHireExcess website here
Thursday, 31 July 2014
The headline being "Is now the time to buy a holiday home?".
The article went onto explore various areas in Ireland that were popular for holiday home owners and at the moment, despite prices rising very well in areas like Dublin there appear to be plenty of bargains around.
In Wicklow which is only half an hour south of Dublin, the article says "that prices have dropped by as much as 70 per cent in the area, which means that you can now buy a three-bed property in Brittas Bay village for about €150,000, or for between €180,000 and €220,000 in nearby Brittas Bay Park. This is a far cry from the boom years when O’Reilly recalls selling a house in Brittas Bay village for €522,000" See the article on line Here
So you have bought a holiday home or your already own one and want it to earn its keep?
Since 2001 jml Villas.com has been an advertising platform for owners of holiday home accommodation in Ireland (and many other countries). It is still a very low cost way of advertising a holiday home property. Around €15 per year or £12.50 GBP. The advertiser can link the add to their own website and as much detail about the individual property and area as the advertiser wants to add. Together with six photos that can be modified any time, it is still great value. Details can be found here
On the subject of holiday homes and a little bit further east than Dublin, London England in fact - According to the UK Government's Communities Secretary - Eric Pickles, new measures will end rules preventing London residents from letting out their own homes on short lets. At the moment Londoners who want to rent out their home for less than three months have to apply for planning permission from their local council.
The idea to change the rules is to benefit London's tourism industry by increasing the amount of accommodation available and giving home owners the opportunities to earn some cash when they have gone away.
In another International holiday destination - Majorca, property prices have risen by sixteen per cent in the last twelve months. Chesterton Humberts have presented an overview of overseas property trends in its spring report. They say that "prices are rising faster on the Spanish island than in some of the prime central London boroughs of Kensington and Chelsea and Westminster".
Insurance for that holiday rental: You need to9make sure that you have the correct insurance for your holiday home or second home property. Difficulties can arise when you contact the local insurance company in Spain or France and all the documentation is in Spanish or French. Insurance terms can be quite complicated in any language, but are you 100% sure that your property is covered for a burst pipe. If your first language is English then the most straightforward way is to use a company that will cover your property and communicates in clear English. Companies like Intasure - Andrew Copeland International - Staysure do this. You can find out more details Here
Monday, 28 July 2014
Starting off was wedding insurance under a picture of William and Kate’s wedding that cost more than €25m to stage in 2011.
The article pointed out that "Most policies cover cancellation in the event of a death/illness of a close relative, or illness of the bride or groom.
You may also be protected if any of your pre-booked wedding suppliers, or the hotel, goes bust, or if your bridal attire is damaged. But read the small print, as policies and the amount they cover vary. Best €39.99 Weddinginsurance ie "
It went on to include, Buggy insurance, House insurance, car insurance naming those that are best and the ones to avoid.
Finally "Hire car excess"- Car hire excess waiver insurance and the Best was: €20.93 Carhireexcess.comarhireexcess com
View the entire article Here
Blue Insurances who operate the weddinginsurance.ie and carhireexcess.com brands also have a great range of travel, pet insurance and breakdown insurance. Find the entire range Here
Monday, 30 June 2014
Written by Colm Brady who is the business development director with Europcar Ireland it was giving general advice when hiring a car.
Plenty of advice is in the article including -
Fuel problems when hiring a car -
See all the article Here
Tuesday, 17 June 2014
The eighteen page supplement on the left did not come from the International edition, but was posted out from Dublin last Thursday.
As a regular reader of the Irish Times on a Thursday for many years now, I have noticed the property section getting thinner.
The second supplement has been filled with technology and media which is very interesting and unfortunately the residential property coverage has diminished.
Last September on this blog I wrote "Irish Times Property Section appears to have gone on a post summer holiday diet"
I was saying that "The Thursday edition of the Irish Times was delivered as normal last Thursday (5th September 13) and the top right hand banner says "Residential property: 18 pages"
So I went to the second section and in the 16 page "Business + Technology" pages 7 to 10 has the property feature. I have noticed this year that quite often there are only two or three pages of property in their "International edition".
It is common knowledge that after your summer holiday when you have probably been eating and drinking too much that the ads appear for loosing weight, but why does the Irish Times cut out so many pages now. Some Thursdays it is waiver thin and whereas the TV and radio guide page used to be there it is very rarely there any more."
Anyway more recently "the diet" of The Irish Times property section on the English side of the Irish Sea has got worse.
On the 29th May, I went to the Irish property insurance Twitter page and tweeted that I could not find the property section (or couple of pages) that they were advertising on the front page.
On the 5th June I tweeted "2 Pages Property in Irish Times UK edition today better than none last week can we have several pages like in main Irish market in future?"
Then last Thursday the 12th June, there was nothing again.
There was a picture on the front page top right hand corner featuring the "A corker in Clonakilty French chateau style for €9m" had there been a section it would have revealed "Fairy tale of west Cork for €9 million"
I went to Twitter again (Left) and decided to email the Irish Times. I got a very nice reply from someone in the editors office saying
" Thank you very much for your email and can I in the first instance apologise for the fact that you were left without the Property section in your copy of today’s Irish Times.
Friday, 13 June 2014
It looks very easy to use and ideal if you are shortly arranging your summer holidays and heading off to some destination where you will be renting a car.
By buying the excess waiver insurance from a company like carhireexcess.com you can save a lot of money.
The average car hire company will be charging a great deal more than €2.99 a day and if you are likely to be hiring a car more than once this year remember an annual policy really makes sense.
According to the carhireexcess.com web site " Purchase Car Hire Excess Insurance here from only €2.99 per day for European cover or €3.99 per day for Worldwide cover (which covers you for up to 180 consecutive days for European or Worldwide cover).
If it's an annual policy that you need our great value annual plans start at just €49.99 for European cover or €62.99 for Worldwide cover with unlimited rentals up to 62 days on any one rental. We provide cover for Irish Residents for the excess on their Car Hire Insurance policy.
Most car rental agreements make you liable for the first portion of the repair or replacement costs of the rental vehicle otherwise known as the Excess, which can vary from €100 up to €2,000. Carhireexcess.com covers adults between 21 Years and 84 Years and our policy includes cover for Windows/Glass, Tyres, Wheels, Roof and Undercarriage. In addition, our policy also includes personal possessions and key cover. Our Car Hire Excess Insurance is underwritten by Lloyd’s Syndicate 5820." Find out more Here and arrange it today
Tuesday, 10 June 2014
As anyone who has travelled to or from Ireland with Aer Lingus at London Heathrow there is a very long walk to and from the aircraft.
As passengers do not go through passport control the arrivals section has been located on the departure level for more years than I can remember. Not the smartest of places to arrive at if you have just flown from Dublin Airport's impressive Terminal 2.
|Aer Lingus check in at terminal 1 Heathrow June 14|
Following on from the problems of the opening of Terminal 5, the airport company decided to move all the airlines in by degrees.
The US airline United was first in last week when the terminal opened.
According to the plan in the terminal when I was looking around, the photo to the left is for the Aer Lingus ticket desks.
It will be interesting to see the terminal in action when more of the Star Alliance airlines move in. By the time Aer Lingus moves, Air Canada, Air China and a couple of more will have settled in with the last arriving on the 22nd October this year.
Tuesday, 27 May 2014
The college, which is not in receipt of state grants, has been operating at an increasing deficit over many years, and although in recent times it has embarked on a stringent programme of sustainability – including increasing its activities and embarking on an extensive fund-raising programme – the challenging landscape of today’s third level education arena has led to a diminishing of the college’s reserves to an unsustainable level.
In addition, the option of growing enrolment figures has been constrained by the cap on the numbers of undergraduates eligible for the free fees scheme. The wind down of the college will begin immediately and will be conducted in a phased and orderly fashion."
I have walked our dog past, driven past and gone past on my bike numerous times over the last thirty years on visits to Dublin. I remember one summer on a visit to Dublin actually going into grounds for a summer fete. It is indeed very sad to read about the news of the closure in last week's Irish Times and the Jackie Kennedy letters, that had they been auctioned would not have raised sufficient funds to keep the college going.
Former Taoiseach Bertie Ahern had very close ties with the college with his parents living close by in Church Avenue and he talked about it a great deal in "Bertie Ahern The Autobiography" as his father worked there.
So what could be the future of this site? Many of the similar estates in the area have been knocked down and sold off for house development, others have been converted into apartments and had house and apartment developments established within the boundary walls.
Could the future be a luxury hotel development and golf course?. It is in an ideal setting, in North Dublin, close to the airport, M1 and M50. Somewhere along the line the history of the College must be preserved. Tearing down those fine old buildings and replacing them with a housing development won't do that, the buildings themselves need to remain.
Maybe the space could be used by another Dublin University or College, but despite the recovery in the country is this the wrong time to embark in such a project. No doubt there will be much debate on what is to become of the site once it finally closes. It will certainly be interesting to see what happens to that landmark set back from the road on Grace Park Road.
Tuesday, 20 May 2014
They say that as we go into the busy holiday season, many consumers will be considering hiring a car on holiday. ECC Ireland is therefore encouraging consumers to be vigilant when seeking to hire a car this summer.
Renting a vehicle is a convenient way of getting around during a trip and enables travellers to plan their holiday a little more freely, without having to work around public transport timetables.
However, it can also be a confusing area for consumers. What is included in the initial quote may not always be clear, and there may be additional charges for extras such as child seats or insurance.
Car rental is a frequent area of complaint in ECC Ireland's case handling. The majority of such complaints relate to supplementary charges imposed by the car rental company. ECC
There is no specific EU legislation in place that covers this area, but consumers can avail of more general protections set out in directives on unfair commercial practices and unfair terms in consumer contracts.
Consumers are advised to –
- Carefully check the rental quote for what’s included and what isn’t. There may be extra costs for things such as child seats or an additional driver.
- It is also a good idea to fully familiarise yourself with the insurance policy and consider taking out additional cover where necessary. Most policies do not cover damage to certain parts of the car, e.g. tyres, windscreen, etc.
- Make a note of the fuel policy, which may be ‘return tank full’ or ‘return tank empty’. For obvious reasons, the vehicle can’t be returned with a completely empty tank, but the trader may not provide a refund for unused fuel. These policies are best avoided.
- Ensure you have read and understand the cancellation policy.
- Familiarise yourself with the rules of the road in the destination country and check if there are any age restrictions.
- The vehicle should be inspected by a representative of the car rental company when it is picked up by the consumer. The rep should make a note of the condition of the vehicle and any pre-existing marks or damage, and supply a copy of this form to the consumer. If there is no rep available at the time of collection, the consumer should inspect the vehicle themselves and take photos.
- When the vehicle is returned, it should be inspected again for any damage, and a copy of the form supplied to the consumer. If no rep is available or if the vehicle is returned outside of working hours, consumers should take photos as evidence that it was returned in good condition. Failure to do this could result in supplementary charges for alleged damage to the vehicle, which may prove very difficult for a consumer to challenge.
At the insurance4carrrental excess waiver insurance site and Car Hire Excess Insurance Blog site we have been stating this information for years now. Naturally people do not always remember such check lists and of course there are numerous people out there who have never hired a car before.
Do take a lot of care and also remember the cheapest car hire company could end up costing you a lot more than you bargained for.
At the Irish Property Insurance Plus site, we are also reminding consumers to take adequate travel insurance. Visit the specialist page at http://www.irishpropertyinsurance.com/Irish_Travel_insurance.htm
Tuesday, 6 May 2014
Featuring information on where to park your car at Dublin Airport, it also covered the Car hire excess insurance waiver and Travel insurance subjects. No insurance companies were suggested however.
With Car hire excess insurance Sinead Ryan the article's writer said "Car hire is a great way to get around, but fraught with added expense. If the car is damaged in an accident, you could have to cover the first €1,350 of damage before the car hire company's insurance kicks in – even if you're not at fault for the damage. All car hire companies will insist on credit card bookings to recover this money if they need to"
For Travel insurance - she commented "Travel insurance is a necessary evil, but never go without it. If you have private health insurance, you are covered while abroad, but only for hospitalisation. It won't cover lost bags, delayed flights or dodgy accommodation" See all the article here
Well if you are looking for an Irish company that can provide Travel Insurance and Car Hire Excess Insurance take a look at what Blue Insurances has to offer. Find out more here By the way they also offer Pet Insurance, Wedding insurance, Gadget insurance and Breakdown insurance as well.
Thursday, 1 May 2014
Irish Property Owners Associations urges members to write to Government about treatment of borrowers by lenders
Stephen Faughnan the Chairman of the association said " The treatment by the banks of people in debt is needlessly harsh and unfair. The banks lent money without due diligence, stress testing and people borrowed in good faith.
"Bank of Ireland was singled out for criticism by the head of the Insolvency Service of Ireland Lorcan O’Connor at an Oireachtas hearing yesterday for adopting a “very blunt” approach in its dealings with distressed borrowers" See all of this here
Thursday, 3 April 2014
Have received a notification from Irish Landlord.com yesterday. Amongst various headlines was one saying "Minister for Housing Jan O'Sullivan (Labour) is in favour of introducing rent controls in Ireland. This is a system that limits rent increases to some independent indicators, such as the Consumer Price Index.
While various forms of rent control do operate in some other European markets is it really a viable solution to the growing shortage of rental properties? For example would it not be better and more sustainable for the government to invest in social housing, investment that has been lacking for many years.
Is it merely a short term reaction to a problem that needs wider discussion? Will the minister also introduce a cap on mortgage repayments on investments properties? Unlikely!
With the local elections coming up in May and politicians looking for votes now is the time to let your voice be heard!
With inspections on the increase and fines of €5,000 now is the time to ensure that your property is compliant.
There is a One Day Residential Lettings Best Practice Training Course taking place on Thursday 22nd May 2014
Topics include:Changes to Tenancies Act 2004
Dealing with over-holding
PRTB Case Best Practice
Find out more information Here
Rents on the increase in Ireland
The latest Quarterly Rent Index of the Private Residential Tenancies Board (PRTB) covering Quarter 4 of 2013, shows continued strong growth in Dublin.
On an annual basis this means that rents in Dublin grew by 7.6%, comparing Q4 of 2013 to Q4 of 2012.
In contrast, the market outside Dublin was more subdued, with 'outside Dublin' showing an increase of 1.1%, comparing Q4 of 2013 with Q4 of 2012. Some of the bigger urban areas outside of Dublin (eg Cork and Galway) saw modest increases while in many areas outside of Dublin rents declined.
The Irish rental market experienced a peak to trough decline of 26% between 2007 and 2012. Find out more Here
Wednesday, 26 February 2014
Many other mortgage books could go this way and this could be an outsourcing of repossession." The issue was first brought to media attention by Denise McCormack from Wexford who says "I took out a mortgage with INBS and I am not at all happy that my mortgage can now be sold off to just anybody. I never agreed to it when i took out my mortgage and I certainly don't agree to it now."
Meanwhile in this morning's Irish Times "Kieran Wallace and Eamonn Richardson of KPMG appear before the Oireachtas Finance Committee. Around 13,000 people who bought their homes with money they borrowed from the Irish Nationwide fear that they will have no protection if those loans are sold to overseas investors as part of the wind up of IBRC, which took over the building society’s business after the financial crisis. "
Monday, 20 January 2014
The company sells a range of insurance products including travel - car hire excess - pet - wedding and gadget insurance operating from Dublin, Ireland and Cardiff, Wales.
According to the Irish Independent report, Blue Insurances plans to expand into India and the United States.
Full report here
Find out more about Blue Insurance products here
Friday, 3 January 2014
But the suggestion was criticised by the IPOA. “Minister O’Sullivan appears to accept that Ireland is not like other countries in regard to the culture of renting, but she still would like to put a legislative noose on the free market,” said IPOA Chairman, Stephen Faughnan. “She drew a comparison with a number of countries, including Germany and France, which she said had an organised private rental sector. But the reality is that in Germany and France, taxation policies on rental income are much more benign than in Ireland.”