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... 

MORTGAGE APPROVALS ON THE RISE BUT LOAN VALUES DECLINE

 

According to Charlie Taylor from Irish Times overall 3,875 mortgages were approved in August, (14.1 % higher compared to July), of which first-time buyers accounted for 58 per cent of the total volume.

First-time buyer approval was up 1.4 per cent year-on-year to 2,559, while mover purchase volumes fell 17.8 per cent to 1,000.

There were 3,337 purchase mortgage approvals in August, which collectively were valued at €834 million. Purchase mortgage approval activity was down by 6.8 per cent in volume terms versus August 2019 and down 0.6 per cent in value.

There were 39,610 mortgage approvals in the 12 months to the end of August, down 1.2 per cent versus the previous year in terms of volume and 0.24 per cent lower in value terms.

“Following on from a strong uplift in mortgage approval activity in July compared to the previous month, this further uplift in August provides a much-improved pipeline for mortgage drawdown activity in the months ahead, notwithstanding the fact that overall activity is still down year-on-year,” said Dr Ali Ugur, chief economist with Banking and Payments Federation Ireland, which compiled the figures.

“We know that actual mortgage drawdowns were down by around 18 per cent year-on-year in the first half of 2020, and this comes as no surprise in light of Covid-19. But if recent approvals convert into drawdowns as they normally do, we could expect to see a better outcome than originally estimated back in April/May,” said Dr Ugur.

Find more information on: https://www.irishtimes.com/business/mortgage-approvals-on-the-rise-but-loan-values-decline-1.4363633

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

Homebuyers moving on in spite of pandemic!

 

According to Irish Examiner the Covid-19 pandemic has not deterred would-be homeowners, with 71% planning to plough ahead with buying a property in the next year, compared with 68% of prospective buyers who were surveyed last May.

Property website MyHome.ie showed, that half of the almost 3,000 surveyed believe 2021 will be a good time to buy a home. And in fact seven out of 10 respondents are planning on purchasing a property in the next year. 

Just 13% of survey respondents believe property prices will fall by over 10% in the next year, whereas last May, 37% of consumers predicted that outcome, MyHome.ie said.

Last month, MyHome.ie analysis showed that asking price inflation rose by 1.2% nationally compared with the second quarter of 2019.

Managing director of MyHome.ie, Angela Keegan, said that the findings reflect the ongoing demand that is evident in the market. “Even though consumers have not seen the price drops that many predicted when Covid-19 emerged, demand has stayed strong. It appears that many prospective buyers have not been hit by the economic fallout from Covid-19".

Almost three-quarters said they feel safe viewing properties at the moment.

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

Our Property of the Week!!! 41 Alderwood, Hollystown, Dublin 15.

41 Alderwood, Hollystown, Dublin 15 is an absolutely stunning four bedroom semi-detached house extends to 169 sq.mt /1,819 sq. ft. of luxurious, well designed and bright interiors, located in a small quiet estate with private playground. The area has seen considerable development over the past number of years, making it one of the most desirable locations in west Dublin. Internally the house comprises of spacious kitchen/dining room large living room, second reception/playroom, guest WC and utility. At first floor level there are three bedrooms with one bedroom ensuite, and family bathroom. The entire second floor accommodates an exceptionally large master suite incorporating en-suite shower-room. 

This house must be viewed to be appreciated!!! Contact Hilary Cummins now! 

Building Energy Rating must be included in all sale & rental advertisements

Dear house owners, 
We would like to remind our customers that a property's Building Energy Rating (BER) must be included in all sale and rental advertisements.

A BER is a legal requirement for all homes, including previously unoccupied new-builds.
Failure to comply with these rules may result in certain penalties, including a fine of up to €5,000.

There are exemptions for protected structures and some other building types. 
Please visit SEAI for more information.
Regards, 
The McPeake Team...
Stay Safe... 

Goodbye commuter homes, hello rural living!

Swapping the city for country living!

If the experience of living in lockdown in the city has you yearning for country life, it seems that you are not alone. 

Many agents have seen a large interest from ex-pat & city based buyers over the last two weeks. It seems that Covid-19 has given city livers time to reflect on what they want from their homes and the kind of lifestyle they’d like to lead.

The success of the enforced remote working experiment is a key driver – with 78% of workers saying they’d like to continue to do so when the crisis is over. Those most keen were in the 31- 40 age group.

Enticed by access to nature, lower property prices and the allure of a non-existent commute, it’s likely that interest in rural property going to continue surge over the coming months.

Read full article: Independent.ie

68% of potential buyers are planning on purchasing a property within the next year.

·     68% of potential buyers are planning on purchasing a property in the next year

·     37% expect property prices to fall by over 10% in the next year

·     69% believe the Government could do more to help the property sector

• 59% believe Covid-19 will lead to more online processes in general in the long  term to minimize unnecessary contact

Prospective homebuyers are still confident about their ability to buy despite the interruption to the market as a result of Covid-19, according to a new survey. The survey, from leading property website MyHome.ie, suggests that 68% of prospective buyers are still planning on buying a new property in the next year. This correlates with a general expectation that prices will drop significantly – with over a third (37%) believing prices will drop by over 10% in the next 12 months. Six out of ten respondents believe next year will represent a good time to buy property. The survey of 1,981 people also found that 69% of respondents believe the Government could do more to help the property sector during Covid-19. The virus is expected to have significant long-term effects, with 59% of respondents believing it will lead to more online processes in general to minimize unnecessary contact. Meanwhile, 21% believe it will lead to quicker sales processes in general. When asked what factors would encourage them to buy a property now, 35% said more available housing stock, 33% said more overall confidence in the economy, and 33% also said an easing of mortgage lending rules. Half of respondents (51%) believe online viewings and virtual tours are effective ways to view a property. Source My home.ie .