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House prices are 9.1% higher than a year ago




By Ted Healy of DNG TED HEALY

The house price report for Q3 2021 has just been published and it shows that house prices rose by 1% between June and September this year - and are now 9.1% higher than a year ago.



Over the last number of years, property search engine has collected a vast amount of data on the Irish property market. Each year tens of thousands of properties for sale or rent are advertised on the site.

Some of the key findings of the recent report are:

* House prices are now 9% higher than a year ago - which is an increase of €23,954 in only 12 months
* Inflation outside cities is highest, with prices rising by 13%
* The total number of properties available to buy on September 1 was just below 12,700, up slightly from levels recorded earlier in the year, but one of the lowest figures recorded since the rise of advertising properties for sale online
* The average price nationwide in the third quarter of 2021 was €287,704, 22% below the Celtic Tiger peak but three quarters above its lowest point in 2012.

The national trend hides regional differences. In Dublin, prices rose by 4.9% in the year to September, the slowest rate of inflation in a year. In the other major cities, prices rose by similar magnitudes – from 3.1% year-on-year in Galway to 8.4% in Limerick city. Outside the main cities, inflation remains significantly higher, with prices rising by an average of 12.9% year-on-year. The largest annual increases were in Mayo and Leitrim, where prices are more than 20% above their level a year ago.

Despite an uptick in listings, the total availability of homes for sale nationwide on September 1 was one third lower than the same date a year earlier and a little over half the amount for sale in September 2019.

Across Munster, listed prices increased by an average of 1.2% between July and September, down from 8.5% in the previous quarter

The jump in prices in Q2 means that prices in Munster are now 13.6% higher than a year previously.
There were just over 3,800 properties on the market in Munster on September 1, down from 5,600 on the same date a year ago.

Reflecting the impact of COVID-19 last year, there were 22% more transactions in Munster in the six months to July 2021 than the same period a year earlier: 6,455 compared to 5,286.

“It appears inflation has eased a bit and there has been a modest improvement in the number of homes available to buy," Ted Healy of DNG Ted Healy said. "However, the underlying issues remain. The stock for sale remains well below pre-COVID-19 levels, while many parts of the country are still seeing prices that are at least 10% higher than a year ago. Additional supply remains key to solving Ireland’s chronic housing shortage. The Government's 'Housing for All' plan contains a welcome boost in social housing activity but rising construction costs, the key determinant of viability, simply must be addressed."

Average list price and year-on-year change – major cities, 2021 Q3

Dublin City: €399,323 – up 4.9%
Cork City: €307,464 – up 5.8%
Galway City: €316,060 – up 3.1%
Limerick City: €230,585 – up 8.4%
Waterford City: €204,759 – up 6.3%

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Five questions to ask yourself before buying a stock

By Michael O’Connor, When it comes to investing, nothing is certain. There are no perfect stocks to buy because there’s no way of predicting the future with 100% accuracy. […]




By Michael O’Connor,

When it comes to investing, nothing is certain.

There are no perfect stocks to buy because there’s no way of predicting the future with 100% accuracy.

The truth is, investing is hard, and building a portfolio of top stocks that beat the market is something that even financial professionals have trouble doing consistently.

For most people, investing in index funds is the perfect hands-off approach, providing broad exposure to the stock market at a very low fee. Even my own personal portfolio is made up of roughly 70% ETFs despite the fact I invest in the market for a living.

But I believe some stock picking is a good strategy for many hands-on people.

Taking a small portion of your overall portfolio and diligently selecting a small number of companies to invest in gives you an opportunity to learn about the investing process and fully understand the businesses you are investing in, which helps to build conviction in your positions.

From a psychological standpoint “collector’s instinct” kicks in, enabling people to participate and invest more money over time.

Lastly, for Irish investors, there are tax benefits to consider. If you invest in individual stocks, you are taxed at the CGT rate of 33%, and the first €1,270 of your gains are exempt from CGT each year. When investing in index funds or ETFs, you are taxed at the exit tax rate of 41% with no annual exemption.

For those interested in picking individual stocks, here are five questions you should ask yourself before investing in any company.

Do I understand the business?

Too many people invest in businesses they don’t understand because it ‘sounds good’. If you have no idea how the company works, you won’t have the conviction needed to hold onto the stock when an inevitable downturn comes.

Can the balance sheet withstand severe, temporary adversity?

This seems obvious, but so many people invest in companies without understanding how much money a company holds and who they owe money to. Economic cycles are guaranteed. You must ensure that the company has enough cash-on-hand to avoid becoming obsolete when activity slows.

Will the company benefit from long-term trends?

Make sure the company will remain relevant into the future. If the stock is cheap now, it may be cheap for a reason.

Is the company enjoying profitable growth?

Not growth at all costs, but a combination of sustainable growth and value. All this information can be found online at sites like

What are the risk factors?

Is the company trying something new and untested? If yes, who are its competitors and how successful are they? If other players are more established, this company may have a tough time breaking into the market.


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Ballyspillane staff open up mental health conversation

By Michelle Crean “Hello, How Are You?” that’s the question staff at Ballyspillane Community Centre will be asking next week as part of a new campaign. It’s all in partnership […]




By Michelle Crean

“Hello, How Are You?” that’s the question staff at Ballyspillane Community Centre will be asking next week as part of a new campaign.

It’s all in partnership with Mental Health Ireland (MHI) and the centre will host an information/coffee morning on Thursday next (March 30) at 12.30pm at their centre and all are welcome to attend.

The campaign initiated by MHI identifies the need for positive engagement and connections with the people around us.

It asks people to engage in open conversations about mental health and prompts us all to ask the question “How Are You?”

The word HELLO is a useful acronym to guide everyone through such conversations, H: Hello, E: Engage positively with the person, L: Listen actively, L: Learn about the person and O: seek options to assist the person if required.

“We all need a listening and compassionate ear sometimes to get us through some challenges in our lives and I think the pandemic has opened a new way of looking at the world, where we can all recognise the challenges that people experience more readily,” Derek O’Leary, Manager of Ballyspillane Community & Family Resource Centre, said.

“Our team here are in the business of supporting families and individuals across the Killarney area and beyond and see the challenges that people face first hand. We also see the positive impact that a caring person can have in such circumstances and this campaign that encourages positive engagement, regarding mental health is a great reminder to us all, the role we can play is assisting others who are struggling.”

Ballyspillane Community & Family Resource Centre provide a suite of support and intervention services including family supports, social prescribing/community connection services and physiotherapeutic services across the Killarney municipal area and beyond.


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