Rise in number of new homes built in Ireland
Mon 22 Jul 2013
By Alex Johnson Property Last updated: Tuesday, 23 July 2013 at 11:41 am
New figures from the Construction Industry Federation show that during the first five months of 2013 the number
of new starts around the country increased slightly compared to the same period in 2012, but with significant
increases in Dublin (361 units started between January and May a 25% increase on the 2012 levels), Galway (a
38% increase) and Cork (13%).
However, the largest percentage increase were in<br />Carlow which rose by 63%, Wicklow (59%) and<br
CIF Director of Housing, Hubert Fitzpatrick said: "What we are seeing is in most urban centres the supply is
falling and this is creating a strong demand for new housing stock, prompting work to begin on new housing units.
We would expect to see the growth in new house starts continue in Dublin, Galway, Cork and certain other
counties, particularly in some of the areas surrounding Dublin."
The UK's top home improvements
Installing a new kitchen is the most popular home renovation carried out in the last three years, according to
Gocompare.com figures, and also the top improvement planned for the future. In second place in terms of work
carried out is a new bathroom, followed by a new boiler and then an extension. Around 2% carried out a cellar
conversion and twice that plan to do so in the next three years.
Gocompare.com's home insurance spokesperson, Mark Greening, commented: "Undertaking a home renovation
or extension not only helps to improve or increase your living space, but can add to the value of your property
and your fixtures and fittings. So, whether you are planning an extension, installing a new kitchen or other major
renovation, you should consult your home insurer before you start work so that you can review your sum insured
and make sure your plans don't invalidate your cover."
Average price of Prime London property now over 2m
According to estate agents Marsh & Parsons property prices in 'Prime' London have grown by 3.6% in the last
three months which means the average property in Prime Central London is now worth more than 2 million.
Peter Rollings, CEO of Marsh & Parsons, said: "It's true that the imbalance of supply and demand is pushing
property prices higher in Prime London areas. But it's also creating an excellent time to sell property. Helped by
the rapidly improving availability of mortgages, buyers are queuing up for the chance to buy a Prime London
home. Property is changing hands in record time and for close to the asking price, with 98% of the asking price
for Prime London property regularly being achieved." Two-bedroom properties experienced the largest growth
spurt in the last three months, with a 6% value increase compared to the previous three. The slowest movers
were one-bedroom properties.
Pictured is an eight bedroom detached house for sale in Croghan, Offaly, Ireland, on with Ganly Walters. Offers
over 751,202 (euro875,000).