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B T L Yields Now As Low As 3.27% In Ir

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BizPlus Ireland

Wednesday August 2, 11:34 AM BizPlus Ireland

Investments in buy-to-let properties in Ireland (IREL.OB - news) were now returning an average yield of 3.27%, it said.
The Daft.ie report was based on advertised asking prices rather than on closing prices. It found that while there was slowdown across the entire property market, there were geographical differences. The average price of a property in Dublin was put at andeuro;483,000, more than twice the average price of property in Ballina, which was andeuro;220,000.
It said a new record had been set in south county Dublin with the average price of a four bed property now costing more than andeuro;1m. Limerick was best place to invest in buy-to-let property, with an average yield of 4.07%.
Eamonn Fallon, director of Daft.ie said: This may therefore be the
first indication of a soft landing for the Irish property market.
While there are still areas where price growth is steaming ahead, many parts of country are beginning to see a much more realistic house price growth which is more sustainable in the longer term.

HPI will eventually kill the rental market as rents require wages to keep up and they rarely do. In IR the BTL market has been choked faster than the UK as their HPI has been faster. BTL is very much a buy low and sell high cyclical.

Yields in the UK are at a 5 year low which suggests the great BTL sell-off is not far away.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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