The National Housing Statement marks an important contribution to the debate on the future of housing in Ireland, according to the Institute of Professional Auctioneers and Valuers.
However, Pat Davitt Chief Executive of IPAV – which represents almost 1,000 auctioneers and valuers – said rapid tackling of the impediments to growth in housing supply is essential.
“While the statement highlights the big and unsurprising problem of the divergence between supply and demand, its real value rests in that it brings together in one report a more wholesome picture by including trends in the market such as the increase in smaller households and the corresponding decrease in larger households, population projections and the acknowledgement that mortgage arrears and negative equity are issues that remain to be addressed.
“All of these elements impact, not just the economic life of the country but have serious social impacts since housing is a basic human need.
“It is in the interest of all that we reach a sustainable housing market, not one that is subject to the volatility we’ve seen since 2007,” he said.
However, Mr Davitt said the Housing Agency Statement needed a balancing position where it notes that the Eurostat European House Price Index showed a 15% annual increase in Irish residential property prices in the period 2013-2014, more than six times the EU average of 2.4%.
“To fully inform people, this part of the statement should have acknowledged that Irish property prices had suffered a far more severe drop since 2007 than any of its European counterparts,” he said.
Mr Davitt also said that as a country, Irish people must learn the lessons of the property crash. “We have an opportunity now to address the historical deficit of lack of implementation, albeit eight years after the beginning of the property crash.
“Building a sustainable property market is now in the hands of the Government and Budget 2016 represents a real opportunity to address many of the pervasive problems in a cohesive way, especially now that the economy is growing.
“The issue of building costs was not one requiring extra State funding or a loss to the Exchequer. In a market where properties are still available for sale at less than the cost of building, it is a no-brainer that tackling the issue will improve the public purse,” said Mr Davitt.
Large basement provides endless opportunities
This impressive detached residence in one of the most sought after areas of Galway City – a quiet cul de sac in Salthill.
Ideally situated in quiet residential area on a large corner site with a sunny southwest aspect, No. 10 Devon Court is an excellent family home in a secluded area between Taylor’s Hill and Dr Mannix Road.
No. 10 would benefit from some modernisation throughout but is well presented with ample living space over two levels of approximately 140 square metres.
The ground floor has spacious living/dining room with front and rear windows, a rear facing kitchen overlooking the private garden, toilet, and office/playroom. Upstairs are four sizeable bedrooms, the master of which is en suite, and a main family bathroom.
A key feature for No. 10 is the large basement area which could be incorporated into the house and give the owners an entire new south facing living space.
The property is positioned in the rear corner of the development – the front of the property has off-street parking, while the rear has a substantial garden.
This private and small residential enclave is just beyond Taylor’s Hill primary school and is considered one of Galway city’s most popular and sought-after residential locations.
Selling Agent Kyle O’Brien said: “It’s very rare that a house in this area comes to the market and we are looking forward to finding a suitable buyer. There’s no doubt that the property needs refurbishment to bring it back to its best.
“The house includes a large basement that once modernised, will give the new owners an entire new south facing living space. Many of the neighbouring properties have been renovated and extended and are truly stunning.
“No.10 is bursting with potential and offers a great opportunity, for someone with a keen eye, to put their stamp on it and create a beautiful family home,” said Mr O’Brien.
■ The asking price is €775,000. For further information or to arrange a viewing, contact DNG Maxwell, Heaslip & Leonard on 091 565261.
Family-friendly location just a stroll to the beach
This large semi-detached residence in the popular Tearmann Eala estate in Renmore has come to the market with an asking price of €395,000.
Number 26 is a well-presented four-bed property with very generous living space spread out over two floors.
The ground floor comprises a wide entrance hall with under stairs toilet, a large living room with open fireplace and to the rear, the kitchen/dining room and utility both with access to the back garden.
Upstairs are four double bedrooms all with built-in wardrobes and the master is en suite. Completing the upstairs is the main bathroom.
Externally, there is off-street parking to the front and a well-kept rear garden.
Selling agent Kyle O’Brien said: “Tearmann Eala is a quiet cul de sac development in Renmore. It is a perfect family friendly development and is well serviced by local amenities and services nearby.
“Ballyloughane Beach is only a short stroll away and not to mention all the communal green areas and facilities such as Galwegians Rugby Club and the Kingfisher Leisure facilities.
“Additionally, there are many further amenities such as schools, Dunnes Stores, Lidl and Parkmore IDA Park, the major employment hub on the east side of the city.”
For further information or to arrange a viewing, contact DNG Maxwell, Heaslip & Leonard on 091 565261.
Energy efficient home brings A game
This A-rated energy efficient home in Salthill was built in 2017 and incorporates all the advancements in building technology.
The four-bed property in Forster Park, just off Dalysfort Road, occupies a deceptively large site with off-street parking to the front and two side accesses to a large south-facing rear garden.
The owners commissioned the architect to provide a modern, efficient home and to maximise the natural attributes of the south-facing site and incorporate the light into the building.
They achieved their goal. Light permeates this home with large floor to ceiling windows, roof lights and high ceilings.
As well as the contemporary design, the materials used are cutting edge with Zinc external cladding and roofing.
There are aluclad windows and doors, external tiles to rear that match internal floor tiles, solid timber internal doors, designed Surreal kitchen with Corian worktops.
Being an A3-rated home it has high level of insulation, triple glazed windows, air to water heat pump heating system with under floor heating on the ground floor and secondary heating in the form of ambient wood burning stoves in the main reception areas.
All the rooms are bright, spacious and well proportioned, designed to be minimal and efficient yet provide comfortable living spaces.
This is a superb home, finished, fitted and decorated to a very high standard. It has off street parking to the front, two side accesses to a large south facing patio garden that features a wall mounted central water feature.
It is serviced with all the amenities including shops, schools, public transport and public amenities such as Salthill Park and the Prom.
This is a superb easily run, maintained and comfortable home in prime Salthill location.
The asking price is €975,000. For further information or to arrange a viewing, contact Sherry Fitzgerald on 091 569123.