HAPPY AND SAFE HALLOWEN!!!

 

NOTICE MCPEAKE AUCTIONEERS SERVICE DURING COVID - 19

22ND OCTOBER TO 30TH NOVEMBER 2020 LEVEL 5 RESTRICTIONS

This note is to update you regarding McPeake Auctioneers Services.

All enquiries please to 01 82 72 300 Monday to Saturday 9am to 5.30 pm

Our communications systems are tested and resilient. This enables many of our team members to work remotely. So, from your perspective, you should notice no real changes.

As such, our employees will work remotely with a staggered staff presence in the office.

Our office does have a restricted visitor policy meaning only McPeake staff can access the office.

Should you wish to contact any of our departments by email please see all relevant contact details below: 

Residential:    Hilary Cummins – hilary@mcpeakeauctioneers.com

New Homes: Jennifer Clarke – jennifer@mcpeakeauctioneers.com or 

                        Diana Mandaji – diana@mcpeakeauctioneers.com

Commercial:   Gerard Farrelly – gerard@mcpeakeauctioneers.com

Lettings & Management: Jennifer Buckley – 086 86 999 87 or jenniferbuckley@mcpeakeauctioneers.com

Office Administration: Fiona Slater – fiona@mcpeakeauctioneers.com

We are prepared to navigate through these challenging circumstances and will continue to take our lead from official government advice.

The Management

McPeake Auctioneers

FALL IN SUPPLY PUSHES HOME PRICES UP 5% IN THIRD QUARTER

Dear Reader, 

As our valued customer, we would like to give you the latest update from Daft.ie House Price Report , which shows average listed price of housing rose by 4.8% between June and September. The jump offsets falls earlier in the year and means that the average sale price nationwide in the third quarter of 2020 was €263,750, up 2.7% on the same period in 2019 and 60% higher than its lowest point in early 2013.

The report is also stating that an average list price in Dublin City rose by 2.2% and is now €380,731. 

According to Ronan Lyons, Assistant Professor in Economics Trinity College Dublin, the ultimate reason prices are rising again is that there are simply not enough homes in the country, given the population and its demographics. Supply on the market on October 1st was the lowest in over 14 years – since September 2006, with the total number of properties available to buy was less than 17,700. This highlights the underlying issue affecting the Irish housing system – a prolonged and worsening scarcity.

The significant fall in completion of new homes to be registered in 2020 may prove a temporary blip. Nonetheless, the level of new home construction even in 2019 was barely half of underlying need. During the first half of 2020, there were just over 3,000 transactions involving newly-built homes in Dublin, a fall of 27% compared to the same six-month period in 2019. The typical price for a newly-built home sold in the first half of 2020 was €351,000, up 5% from €335,000 in early 2019. Transactions of new homes in Dublin’s four commuter counties nearly halved between 2019H1 and 2020H1 - meaning their share of the total number of transactions involving new homes fell from almost one third to less than one quarter.

There were just over 4,000 properties on the market in Dublin on October 1, down from almost 5,500 on the same date a year ago.

Average asking prices across North Dublin City is €350,499 and Dublin 15 are as follow: 

1 bed apartment €176,000  

2 bed terraced €224,000

3 bed semi-detached €310,000

4 bed bungalow €513,000

5 bed detached €603,000

To find out more please contact us on 01 82 72 300 or send us an email on info@mcpeakeauctioneers.com

Regards, 

The McPeake Team...
Stay Safe...

SCSI/PwC Construction Market Monitor 2020: Private sector activity & the COVID-19 impact

Society of Chartered Surveyors of Ireland in connection with PwC just released 4th annual report assessing current activity levels across the Irish construction sector. This joint report provides insights into current trends as well as challenges facing construction consultants and the sector at large. Moreover, the report examines surveying professionals’ expectations over the next 12 months, which is a useful gauge of expected activity levels to come in 2021.

A comparison of surveyor responses between February and June 2020 provides a very clear picture of the severity of the impact of COVID-19 on the Irish construction sector. When asked about headcount, margins and workloads, a significant proportion (up to 68%) of surveyors reported a downward trend across the three areas. This is a stark contrast to February 2020 when only up to 12% of surveyors expected headcount, margins and workloads to decrease.

Since the reopening of the sector on 18 May 2020, activity has begun to gear up following weeks of lockdown. Sectoral protocols introduced provide for new working arrangements to manage COVID-19 risk. Extended construction timelines under these new arrangements and dealing with issues that still persist in relation to supply chain delays for certain materials, has impacted output levels.

Key findings  

• Covid-19 resulted in a 20% decrease in construction related activity levels in the first half of 2020 
  
• 51% of surveyors expect a decrease in workload in the next 12 months 
• Over two thirds expect a decrease in profit during this period 
• Seven out of ten have a negative or neutral outlook on activity levels
• Raising finance, project delays and skills shortages the key challenges
• Opportunities exist to further leverage digital
• Less than one in ten are ‘well prepared for Brexit

In in addition to the disruption caused by COVID-19, Brexit remains a real and present concern for businesses in Ireland. It has the potential to have significant impacts on business operations and trade already reeling from the effects of the pandemic.

For further Information please visit: https://www.scsi.ie/news/view?id=134

Regards, 

The McPeake Team...
Stay Safe...

NEW HOMES - New Release in Whitefield Hall, Bettystown, Co. Meath

Dear Reader, Hoping you are keeping safe and well through these trying times. 

We are delighted to bring to the market a further selection of 3 & 4 bedroom semi detached homes for sale in Whitefield Hall, Bettystown, Co. Meath.

Whitefield Hall will comprise in total of 205 exceptionally large 2, 3 & 4 bedroom family homes, with on site crèche and local shop planned to service the development.

3 bedroom semidetached houses prices start from €285,000 

4 bedroom semidetached from €307,000

We are conducting show house viewings, adhering to all social distancing guidelines - Viewing is strictly by private appointment.

Please note we are currently sold out of three- four- and five- bedroom homes. 

As soon as we have further information regarding the next phase of units, we will endeavor to contact our registration list.

In the meantime, should you wish to register for the next phase or have further queries please do not hesitate to contact us.

Regards, 
The McPeake Team...
Stay Safe...