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ERA Ireland announce deal with Globrix

http://www.independent.ie/business/commercial-property/era-ireland-announce-deal-with-globrix-207400 Independent 22.02.2010
Estate agents plan large-scale housing auction

Estate agents from around the country are coming together to host a massive auction this April in the hope it will kickstart the housing market.

ERA Ireland announce deal with Globrix

ERA Ireland announce a deal that sees all 4,500 ERA Ireland properties for sale and to let now featuring on the www.globrix.ie property search portal.

Judgment mortgage registered over hotel

COLM KEENA The Irish Times 21.02.2010
Anglo Irish Bank appoints KPMG as receiver over certain UK properties

ANGLO IRISH Bank has appointed KPMG as receiver over certain properties in the UK in which its former director Tom Browne, has an interest.

The Brandon Hotel, Tralee: operated by a company owned by John Byrne and his family

A JUDGMENT mortgage has been registered against the company that operates the Brandon Hotel in Tralee, Co Kerry.

All change at Halifax

The Irish Times 19.02.2010
Irish investors fed more BS about BP, this time on the down-side

You really have to pity the poor Irish investors now sitting on Budapest property. It's bad enough that they had their expectations for making a killing on local real estate unjustifiably stoked when the market was on the up.

A Halifax branch in Tralee, Co Kerry. The departure of Halifax from the Irish market is likely to cause current account holders the most pain as they will need to find a new bank. Photograph: Domnick Walsh

Many customers of Halifax/Bank of Scotland may face an administrative mess as they try to switch accounts, writes CAROLINE MADDEN

Rents on the rise? Depends where you look


Mortgage lending tumbled by almost 50% last year

PAMELA DUNCAN The Irish Times 15.02.2010
Flat-hunter Rosemary Mac Cabe on the prowl in Ranelagh: while there are plenty of properties to rent, they are not always in the right location. Photograph: Brenda Fitzsimons

There’s been a marginal pick-up in rents in Dublin city centre but many blocks remain empty in outlying suburbs

Mortgage lending tumbled by almost 50% last year

MORTGAGE LENDING fell by almost 50 per cent last year, reflecting the impact that the wider economic situation has had on the mortgage sector.

REO's bond rating cut in uncertain property market

Emmet Oliver Deputy Business Editor The Independent 14.02.2010
After the property slump some people found it hard to get mortgages

A property company has won a legal battle with a buyer seeking to win back the deposit he put down on an apartment in a luxury new Belfast complex.

Treasury, founded by Johnny Ronan and Richard Barrett (pictured), controls almost 70pc of REO. Four years ago, REO issued €375m of bonds through a company called Opera Finance.

SOME bonds linked to Treasury Holdings' REO property company have now been downgraded to junk status as concern grows over the state of the Irish property market.

The developer will retain ownership of the flats at Woodlands Manor

Four buyers who agreed to buy flats at the height of the property boom but did not complete the sale will have to pay thousands of pounds to the developer.

CBRE appointed as property advisor to Royal Liver property portfolio in Ireland

Ireland - Property consultants CB Richard Ellis have been appointed as external property advisor to the extensive Irish property portfolio of Royal Liver.

Property grab gets Green light

Richard Curran The Post 07.02.2010
IBEC calls for 10% rebate on commercial rates for Irish retailers from cash-strapped local authorities

Retail Ireland, the IBEC group that represents the Irish retail sector, today urged that this year all local authorities give retailers a 10% rebate on commercial rates bill, given the very serious challenges the sector is facing. However, there is no proposal as to how the cut will be funded by the cash-strapped local authorities.

Property grab gets Green light

One bank’s misfortune may be another man’s gain. But if there are several banks with heavily devalued properties on their books, there maybe plenty of opportunities for the right investors.

Cranes stand idle on a commercial building site in Dublin - victims of the country's property boom and bust. Photograph: Crispin Rodwell/Bloomberg

Brian Lenihan's spending cuts and tax hikes are sucking demand out of the Irish economy – and threaten to keep the Republic mired in recession alongside Greece

Savills Ireland appoints new Chariman and Head of Residential

Ireland - International real estate advisor Savills has appointed a new Chairman and new Head of Residential for the Irish market.

Values down: time to transfer your house?

JACK FAGAN The Irish Times 04.02.2010
Houses prices in Northern Ireland should begin to rise this year, a report has claimed

House prices should begin rising this year as Northern Ireland's property slump eases, researchers have claimed.

Hand it over: giving your properties to your children now might make financial sense

With property values low, now could be the right time to pass on properties to the next generation, writes JACK FAGAN

State must not bank on bailout of bad mortgages

Brian Lucey The Irish Times 03.02.2010
State must not bank on bailout of bad mortgages

OPINION: GROWING UP beside the seaside, one becomes familiar with the sea and its actions. One thing that becomes clear is that while the first wave of a storm may do great damage, it is the subsequent waves that complete the destruction, writes BRIAN LUCEY


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