Cafe Nero Comes To Town…..

Ronan Rooney Managing Director of Rooneys (Galway) confirmed today that they have completed a new 15 year lease with Caffé Nero one of the strongest international Coffee House brands. Caffe Nero have over 800 Coffee Houses throughout Europe and will bring a refreshing new brand to Galway. Acting on behalf of the Landlord in an [...]

July 10th, 2017|

Property Prices Post Annual Rise Of 10.5% In April

Residential property prices (houses and apartments combined) at a national level rose by 10.5% in the year to April, according to new official figures released this morning. This is up from the annual increases of 9.6% and 9.3% in March and February respectively. In Dublin, residential property prices increased by 8.2% in the year to [...]

June 19th, 2017|

New €200M Irish Commercial Property Lending Business

It was announced today that Canadian property investment firm, Timbercreek Asset Management, has launched its Irish commercial property lending business with €200m available to support property investment projects. Paul Roddy has been appointed to head Timbercreek’s Irish operations and is building an initial team of four people to run the business from offices in Merrion Square, [...]

June 19th, 2017|

Is Ireland Facing Another Bubble?

This week the Paris-based think tank the OECD warned property prices were escalating rapidly and Ireland may be facing another bubble.Considering the catastrophic damage unleashed by the bust in the financial crisis, the warning should be taken seriously.But the first issue is that during the downturn Ireland had two simultaneous problems: a credit bubble and [...]

June 19th, 2017|

Mortgage Approvals Continue to Grow in April

Irish mortgage approvals grew at a solid, albeit more moderate rate in April, according to data published this morning by the Banking and Payments Federation of Ireland (BPFI). The number of approvals grew by 12% year on year (yoy) in April (87% yoy in March) with the value of approvals increasing by 20% yoy (103% yoy [...]

June 19th, 2017|

Construction industry growth hits 15-month high

Construction activity accelerated in May, with firms reporting sharp increases in new business and further job creation during the month, according to the Ulster Bank purchasing managers’ index for the sector. Respondents to the survey reported “particular strength” in housing, where activity expanded at the second-fastest rate in the survey’s 17-year history. The rise comes [...]

June 19th, 2017|