Property News
Management Companies – New law puts power in hands of apartment owners
By Ailish O’Hora Saturday March 05 2011 Apartment owners are to take control of their own blocks and common areas under a new law. The law, which comes into effect next month, means developers currently controlling common areas — including car parks, gardens and bin areas — will be given six months from April to [...]
Read More >>New dawn for Waterford Lettings
Rents have begun to rise in some areas of the country. We investigate what
this mean for landlords and tenants, and what will happen next
Waterford Mortgages – Is it too late to switch to a fixed mortgage?
MORTGAGE REPAYMENTS: Variable interest rates are on the rise and the only way to get some certainty is to switch to a fixed-rate mortgage – but with lenders starting to withdraw them from the market, is it time to jump in before it’s too late?
Read More >>IAVI/SCS ANNUAL PROPERTY SURVEY 2010
IAVI/SCS ANNUAL PROPERTY SURVEY 2010 The IAVI/SCS Annual Property Survey was published today. The survey examines the performance of the property market in 2010 across the Residential, Commercial and Land sectors. Please note that the Annual Survey will not be printed this year. The full version of the report is attached in pdf format which [...]
Read More >>NAMA seeks 50 staff to cope with increased workload
NAMA is gearing up to hire another 50 staff within the next four months, increasing its headcount by 50pc. The news follows a significant rise in the number of developers Nama will have to directly manage. Nama originally expected to manage the accounts of about 80 of Ireland’s biggest developers, but is now charged with [...]
Read More >>Ireland’s UK property empire unwinds as it sells London assets
It was the heady days of July 2007 – the last moments of the pre-credit crisis era and the first of Gordon Brown’s leadership – when Irish tycoon Derek Quinlan and joint venture partner Glenn Maud announced a property deal that would rock the City. Quinlan and Maud revealed they had won the race to [...]
Read More >>ECB fears on Irish bank Bill
The European Central Bank has told the Government that it has “serious concerns” about the Credit Institutions (Stabilisation) Bill, which gives the Minister for Finance sweeping powers to intervene in the banking sector. In a seven-page opinion signed off by ECB president Jean-Claude Trichet, the Frankfurt-based institution raised concerns that the draft law is “insufficiently [...]
Read More >>Budget 2011
From 1 January 2011 any capital allowances arising in respect of expenditure incurred on a property are restricted to offset against rental income arising from that property only. Capital allowances From 7 December 2010, any unused capital allowances carried forward will be lost over a period of time depending on the tax life of the particular scheme. For schemes with a tax [...]
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