Author: Practicenet

Many young people will find it harder to get their feet onto the property ladder and have been forced to rethink their plans to inherit the family home after the Government clamped down on a popular tax relief over Christmas, tax experts are warning. Finance Minister Michael Noonan tightened up the rules around the dwelling […]

Office construction in Dublin surged last year, jumping tenfold on the completion levels seen in 2015, property firm HWBC has said. Prime office rents jumped 9pc last year, with even rent for car parking spaces on the rise. HWBC said a city space now yields an estimated €4,000 per annum – up 14pc in the […]

More than 13,000 civil servants would pay nothing towards their own pensions if unions get their way at new talks. Unions will demand the pension levy, brought in during the financial crisis, be abolished at negotiations expected to start in May on a deal to succeed the Lansdowne Road Agreement (LRA). Figures released by the […]

Irish renewable energy firm Amarenco has entered a joint venture agreement with Infracapital, the investment arm of Prudential-owned M&G Investments, to roll out as much as €1bn worth of projects over the next five years. The deal is the culmination of about nine months of negotiations by company founder, former Bord Gáis boss John Mullins, […]

Hibernia Reit has signed a five-year deal with Iconic Offices for the establishment of a serviced office and co-working business in Dublin city centre. Under the agreement Hibernia will provide the property at Block 1, Clanwilliam Court and flexible workspace specialists Iconic will manage the business operations. The income generated will be shared. Hibernia will […]

Ireland and the UK are described as “inescapably intertwined” in the British government’s newly published Brexit plan. The White Paper on Brexit says the “unique relationship” shared by the two countries warrants special recognition in the forthcoming negotiations between the UK and the Europe Union. A detailed section arguing for the retention of “as seamless […]

THE number of home buyers taking out a mortgage has risen to a six-year high. Close to 30,000 people drew down a mortgage last year, new Banking and Payments Federation figures show. In the last three months of last year more than 9,000 mortgages were drawn down. This is the highest number of draw downs […]

Overhead costs for manufacturers rose at the fastest pace in over four years in January, as higher commodity prices, currency moves and price rises at UK suppliers hit the sector. In a sign competitiveness is being hit, some firms hiked prices in response, according to the latest Investec Purchasing Managers Index for the sector in […]

Returns for investors across all sectors of Irish commercial property could slow to a growth rate of between 7pc and 10pc in 2017, down from 12.4pc in 2016 and only about a quarter of the 36pc level seen during the lift-off in recovery seen during 2014. Nevertheless, Ireland looks set for another year of relative […]

Ireland Inc is now actively targeting business, investment and recruitment from the Middle East as a result of the US travel ban on Muslims. US President Donald Trump’s controversial immigration policy is sparking a rethink across the Muslim world. Middle Eastern businesses and wealthy families have traditionally targeted the US for investment and education. But […]