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Rents in Limerick city rise despite national rate cooling

first_imgFacebook Twitter NewsHousingRents in Limerick city rise despite national rate coolingBy Rose Rushe – February 14, 2020 686 WhatsApp Advertisement TAGSdaft.ie Q$ 2019Irish Property Owners AssociationProfessor Ronan LyonsRental Tenancies Board Print THE last quarter for which we have national statistics for the rate at which rents fluctuate in the 26 counties is Q4 of 2019. Daft.ie’s reports issued four times annually are met with interest, given the enormous database from which it collates statistics.This portal to residential (and commercial) rentals and sales is used by virtually all estate agents and by private landlords who eschew an agency to let and maintain properties.Sign up for the weekly Limerick Post newsletter Sign Up Note the Daft infographic that shows the biggest increase in rents charged in the country were in Limerick. This is true of the city especially, presenting an 8.3 per cent gain over Q4 2018. Properties in adjacent Clare were charging almost 8 per cent more than in the last quarter of 2018.The FG-FF coalition is deemed to have fallen on the twin spears of Housing and Health. Swathes of the electorate who voted were unmoved by a 95 per cent employment rate, years of slog for a stable Brexit and Ireland ranked by the UN in December as 3rd best country in the world for quality of life (pipped by Switzerland and Norway, tops).What is driving rents here up, vis a vis Dublin levelling off with household income maxed out in The Pale?Scarcity. Daft.ie’s analyst Prof Ronan Lyon of TCD makes the point that construction costs for apartments “make it unviable to build the thousands of new rental homes that are desperately needed.”Another factor is the thousands of private landlords bailing out of the sector due to steep taxes and the cost of refurbishment between tenancy turnovers.2019 closing data for rents: €1,402 national average €896 Limerick county€1,167 Limerick city( €667 average mortgage)Feb 2020 – 76 properties availableWith a burgeoning jobs market in the Mid-Wests biopharma, food, finance, tech and aviation sectors, there has been a major influx in professional workers and their families moving to Limerick. From Cook Medical to WP Engine, Johnson & Johnson to Regeneron, recruitment campaigns by locally rooted industry are bringing an educated populace to the Mid-West.For sure, new residential stock is coming on board in the suburbs, in city new builds and the remodelling of older properties. But in a market of rising residential values, owners of landbanks and builders know that their assets are appreciating all the time. Limerick City and County Council is backing a €12mn investment in public housing so future supply is being addressed.The good news is that available rental accommodation nationally has increased by 10 per cent in 2020 since last year. Much of this is driven by tax-friendly house sharing in a landlord’s principal private residence, such contracts being outside the remit of the Rental Tenancies Board. The most recent rental index for the Board is Q3 of 2019. The Irish Property Owners Association (IPOA) had a big reaction  to news that there were 21,235 tenancies registered in Q3 2019 compared to 25,448 in Q3 2018.“There was a drop of 17 per cent in the amount of tenancies registered,” commented Stephen Faughnan of the IPOA. “Rent Pressure Zones limit the income of investors without limiting the cost of the provision of the accommodation.  Property owners who rewarded  good tenants by keeping the rent low have been unfairly and substantially disadvantaged.“A recent survey carried out by IPOA revealed that 31 per cent of landlords were sub-venting their mortgage from other income, and 71 per cent of landlords were letting below market rent.  25 per cent of landlords had rent [pegged at] 33 per cent below market rent.”Mr Faughan went on to state that “sadly, 44 per cent of landlords surveyed stated that they intended to leave the market in the next five years.”Another statistic: “Between 2016 and 2018 over 2000 landlords left the sector and over 12,000  rental homes are no longer available.” Email Linkedin Previous article€6m investment brings 50 new jobs to BallinaNext articleJoe Rooney: Shut up and laugh Rose Rushehttp://www.limerickpost.ieCommercial Features and Arts Editor at Limerick Postlast_img read more

Navy Accepts Delivery of Future USS Michael Murphy

first_img View post tag: Naval May 6, 2012 Navy Accepts Delivery of Future USS Michael Murphy View post tag: USS View post tag: DELIVERY View post tag: future Back to overview,Home naval-today Navy Accepts Delivery of Future USS Michael Murphy View post tag: Michael View post tag: Murphy Industry news The Navy accepted delivery of the future USS Michael Murphy (DDG 112) today from General Dynamics at their Bath Iron Works shipyard. Michael Murphy is the last DDG 51-class ship to deliver until the class restart ships begin delivering in fiscal year 2016.DDG 112 successfully completed combined super trials in the Atlantic Ocean in March. During the four days underway, Bath Iron Works and the Navy’s Board of Inspection and Survey tested the ship and its systems as required to prove operational readiness.“This delivery marks a very significant milestone for not only the crew of Michael Murphy, but also the Navy, the shipbuilder Bath Iron Works, and the local community in Bath, Maine,” said Capt. Mark Vandroff, Program Executive Office Ships’ DDG 51-class program manager. “This is yet another well-built and tremendously capable ship that will soon join the Fleet. It will be bittersweet to see the ship sail away this summer, but we look forward to delivering more of these key war fighting ships in the future.”The new destroyer honors the late Lt. Michael P. Murphy, who was posthumously awarded the Medal of Honor for his actions as leader of a Navy SEAL team in Afghanistan. Murphy was the first person to be awarded the medal for actions in Afghanistan, and the first member of the U.S. Navy to receive the award since the Vietnam War.Accepting delivery of DDG 112 represents the official transfer of the ship from the shipbuilder to the Navy, and signifies Michael Murphy’s transition to operational status. A commissioning ceremony will be held this October in New York City.The DDG 51-class ship is a multi-mission, guided-missile destroyer designed to operate in multi-threat air, surface and sub-surface threat environments. The class of ship provides combat capability and survivability characteristics, while minimizing procurement and lifetime support costs due to the program’s maturity. The DDG 51 program continues to reinforce affordability and efficiency in its shipbuilding program with a commitment to deliver ships at the highest possible quality and to manage a seamless transition to the Fleet.DDG 113, currently under construction by Huntington Ingalls Industries in Pascagoula, Miss., will be the first of the DDG 51-class program continuation ships. DDG 114, 115, and 116 are also under contract with BIW and HII and are expected to begin delivery in 2016.As one of the Defense Department’s largest acquisition organizations, Program Executive Office Ships, an affiliated program executive office of the Naval Sea Systems Command, is responsible for executing the development and procurement of all major surface combatants, amphibious ships, special mission and support ships, and special warfare craft. The majority of shipbuilding programs currently managed by PEO Ships are benefiting from serial production efficiencies, which are critical to delivering ships on cost and schedule.[mappress]Naval Today Staff , May 06, 2012; Image: navy View post tag: News by topic View post tag: Accepts View post tag: Navy Share this articlelast_img read more

Total/NBBF Division Two National Final 8 starts

first_imgRelatedPosts NBBF: D’Tigers, D’Tigress will be ready for Olympics D’Tigers get new head coach NBBF insists on AGM  The 2019 Nigeria Basketball Federation organised Total Division Two Men’s League final will hold between November 25 and 30, 2019 at the Indoor Sports Hall of the National Stadium, Lagos. Coal City (Enugu), Discover (Delta), Lyinda Ikpeazu (Anambra) and Ogun Rockets all qualified from the Atlantic Conference which took place in Ibadan. Nile University, ABU Foundation, Adamawa Lions and Kanem Warriors booked a passage to the National finals after emerging as the top four teams from the Savannah Conference phase held in Abuja. According to the memo sent to the clubs by the NBBF Secretary General, all teams were expected to arrive on November 24 for the mandatory Technical Meeting before the commencement of hostilities on Monday. The top four teams will gain promotion to the Division One league with effect from the 2020 league season. NBBF’s Competition’s Committee Chairman, Prof. Musa Yakasai, assured that all modalities have been put in place for a hitch free competition following the successful conclusion of the Zenith Women Basketball League and the President’s Cup. Yakasai said: “We are delighted with the modest achievements we have been able to record as well as the stability on the domestic front. “The Total National Division Two for men will not be an exception as we are focused on organising another successful national final which everybody will be proud of.”Tags: Nigeria Basketball Federationlast_img read more

Aguero strikes EPL 250th goal as City stumble

first_imgRelatedPosts EPL: Crystal Palace stun sloppy Man U EPL: Red Devils attack Palace Aguero could be out of action until November, Guardiola says Sergio Aguero scored his 250th goal for Manchester City before adding a second but his brace wasn’t enough for victory in a 2-2 draw against Crystal Palace in the Premier League on Saturday. Fernandinho scored a last-minute own-goal as second-place City was held by Palace at the Etihad Stadium. Two late goals from Aguero in the 82nd and 87th minutes looked to have settled a contest that burst into life in the closing stages after Cenk Tosun had headed Palace into a first-half lead. But Palace, which had defended resolutely for most of the game, refused to give up and Wilfried Zaha’s late drive into the box paid off when his cross was deflected and turned in off Fernandinho. It was a game City controlled in large spells, hitting the bar through Kevin De Bruyne early on and later having a penalty awarded but overturned by VAR. Aguero looked to have turned things round with his late double, taking him past 250 goals in all competitions, but Palace, who won the corresponding fixture last season, again frustrated the opposition. Man City trails Liverpool by 13 points, which Liverpool hosting Manchester United on Sunday.Tags: Crystal PalaceManchester CitySergio Aguerolast_img read more

Stringer wins 900th to join exclusive coaching club

first_imgby Doug FeinbergAP Basketball WriterNot much has come easily for C. Vivian Stringer during her Hall of Fame coaching career.So it was fitting that it took her five tries to become the fourth women’s basketball coach to have 900 victories. She finally reached the milestone Tuesday night with Rutgers’ 68-56 win over South Florida.“When I look back on my life, this team, probably this year, best reflects what 900 has been,” she said. “It helped me to remember that it was never easy. But unless you really have a passion, unless you really know how fortunate you are not to have had a lot of major injuries to a lot of players, which is what happened to this team, and unless you remember how fortunate you are to be able to get to those special places.”Stringer joined Pat Summitt, Jody Conradt and Sylvia Hatchell in the exclusive club. Maybe a half dozen more women’s coaches might gain entrance over the next few years. Only three Division I men’s coaches have reached 900 victories: Mike Krzyzewski, Bob Knight and Jim Boeheim.“I am fortunate to call Vivian my friend and could not be happier that she has reached the 900-win milestone in her career. I have great respect and admiration for Vivian and consider her one of the great pioneers of our game,” Summitt said in a statement. “She has had an incredible journey, and I hope she adds many more to her ‘W’ column!”Stringer, who was the first coach in men’s or women’s basketball to take three different schools to the Final Four — including Rutgers in 2000 and ’07 — fought back tears as her team celebrated their coach’s achievement.“I think it’s beyond words,” said Stringer, whose record stands at 900-330 in 42 seasons. “I’m happy that it’s over. I can hardly breathe. It’s over and now I can just coach and smile, and get back to what I love to do because it’s never been about numbers.”During the four-game losing streak, Stringer admitted she was tired of talking about when she’d get No. 900. She was getting worn out by it, even snapping at reporters during a media session.Her demeanor changed after a loss to St. John’s on Saturday, the game before Tuesday’s landmark victory. Stringer said she received a call from Hatchell, who reached 900 wins on Feb. 7.The longtime friends talked about the pressures their players faced while trying to get that 900th win. It took Hatchell’s team two tries to get her that victory.“She is probably one of the few people I would talk to about it,” Stringer said, “and she was just saying it was highly stressful for her, too. Finally when they were over it, (the players) were much better because they were really uptight.”With the weight of the milestone lifted, Stringer can only hope her team will use it as a springboard for the rest of the season. Stringer, in her 18th season at Rutgers, has been focused on making an 11th-straight trip to the NCAA tournament. Beating a surging South Florida team will definitely help the Scarlet Knights’ resume.“Everything will take care of itself,” Stringer said, dismissing a question related to her team’s postseason fate. “This was a major win, and it’s important to win down the (stretch) as it is right now.”The Scarlet Knights (15-12, 6-8 Big East), who are 10th in the conference, finish off the regular season against Cincinnati and Pittsburgh — two of the bottom teams in the league.As the game ended, a crowd of 1,304 at the Rutgers Athletic Center saluted Stringer with chants of “900” and “C-V-S” and Scarlet Knights athletic director Tim Pernetti was among the first to greet her with a framed No. 900 jersey. Rutgers’ cheerleaders unfurled a banner that read “Congratulations Coach Stringer – 900 wins,” and her players took turns hugging their emotional coach at midcourt.“If it’s something special for all the generations of players and coaches that I’ve been a part of, then, yeah, I’m happy,” she said. “But I’m looking forward to more.”Rutgers had lost four straight games since beating Cincinnati for Stringer’s 899th career victory.“It’s more than a game, it’s about a preparation for life,” said Stringer, who is in her 18th season at Rutgers. “It’s about understanding that when things are rough you may get knocked down and there may be doubters but you’ll still rise.”Senior guard Erica Wheeler scored 24 points to lead Rutgers.“It’s almost a little heartbreaking because she gives her heart out when she coaches,” Wheeler said. “So to not get her that 900th win as soon as we needed to, I cried a couple times at night. It was important tonight to definitely get her that win.”Editor’s Note: Stringer is a native of Edenborn, Pennsylvania (Fayette County) about an hour south of Pittsburgh. She is also a graduate of Slippery Rock University of Pennsylvania. Stringer and her late husband, William D. Stringer, have three children: David, Janine and Justin. MILESTONE–Rutgers head coach C. Vivian Stringer celebrates with her players on Feb. 26, in Piscataway, N.J., after defeating South Florida 68-56 for Stringer’s 900th win. (AP Photo/Mel Evans)last_img read more