Houses • Apartments • Office Space • Retail
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Republic of Ireland Finance Bill (No. 2) abolishes stamp duty for first time buyers who occupy their own properties. The exemption applies to new and second hand dwellings - this should result in an increase in residential real estate sector activities. New home registrations is expected to reach 60,000 units this year, therefore supply of new houses is set to fall significantly in 2008. Given a decrease in development land transactions during 2007, there was considerable increase in forward planning for medium and large development schemes within Dublin and other major urban areas of Ireland.
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Dublin office building boom continues unabated - construction is up fivefold compared to 2006. Demand from firms in the legal and financial services areas seeking extra space increased office take-up in Dublin to record levels during 2007. With housing construction expected to slow down, the expansion in commercial building is good news for the construction industry, as well as the Government which depends on the construction sector to provide employment and tax revenue.
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Dublin is currently rated as 6th most expensive office location in the world and the fastest climber, jumping from 12th to 6th position. Demand for retail space has been supported by economic trends in 2007. Public sector rental take-up of Dublin office space increased fourfold during 2007. With restricted supply of office accommodation, vacancy rates have been come down to 10.7% in Dublin overall, and 9.3% in Dublin city centre.
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The year 2007 set new records for Dublin commercial rental. Offices are currently the best performing commercial property sector. Figures published show that Dublin office space renting by the Government alone increased by more than 400%. The supply of office space in Dublin city centre remains limited and there is little sign of this increasing to meet demand. Across the country, the supply of retail space has expanded greatly with many major developments completed in recent months. Currently there is a large supply of retail warehousing, providing excellent buying and rental opportunities.
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Dublin goes down table of most expensive commercial locations. Figures show that the cost of industrial space grew faster elsewhere than in Ireland during 2006. Irish warehouse and factory rents increased by 2.6% in the year, compared to an average international increase of 6.5%. Commercial property rents rose by 12.5% in 2006. Retail rents topped with shop rents growing by 15+ % in the year. Office rents, fell by more than 15% during 2001-2004, continued strong resurgence, increasing by 11+% during 2006.
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ZIC Housing Agencies are corporate Southern Irish Auctioneers in Dublin and Cork City Ireland as well as Real Estate Agents company specialising in all types of premises purchasing and leasing. They have been involved in properties auctions within Eire for many years. ZIC Housing Agency are well known Investment Property Consultants and Company providing premises such as houses to buy and apartments for lease as well as homes for buying in the Republic.
Check ZIC Housing Agencies listings for your company property needs such as a house to buy or apartment to lease and a home to purchase.
ZIC Agencies are well known corporate Irish Auctioneers Cork and Dublin City in Southern Ireland as well as Real Estate Agents Eire. All ZIC Company Investment Property Consultants provide premises that include properties for auctions such as a house to buy or apartment for lease and home to purchase in the Republic of Ireland.
Refer to ZIC Housing Agency listings for your premises buying needs such as houses for purchase or apartments to lease and homes to buy in the Republic.
There are Irish Auctioneers in Cork who provide Southern Ireland Investment Property Dublin City Auction services. ZIC Company Housing Agencies are well known corporate Properties Real Estate Agents and Consultants in the Republic providing list of premises that includes all apartments to lease and houses to buy as well as homes for purchase in Eire.
Peruse ZIC Housing Agencies listing at any stage for your company's properties needs such as a house for purchasing and apartment to lease or a home to buy in the Republic.
ZIC Housing Consultants & Company are corporate Irish Property Cork Auctioneers, Dublin City Ireland. They have been involved in the Republic for many years providing for companies investment properties to buy such as homes and houses for purchase as well as apartments for lease in Eire.
Contact ZIC Agency at stages for your house as well as apartment leasing and home buying needs.