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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

Boparan enjoys positive Q2 results

first_imgBoparan Holdings, the company behind 2 Sisters Food Group, has reported a rise in underlying sales and improved profitability for its second quarter.The Fox’s biscuits owner booked sales of £792m for the 13 weeks to 30 January, down 0.6% on the corresponding period a year earlier.But the group did report an increase in like-for-like (LFL) sales, which were up 0.4% to £800.1m. This came as good news, as there was a 2.3% fall in LFL sales in the first quarter of the same financial year.Boparan said its branded division, which includes Fox’s and Holland’s pies, saw LFL sales rise 4% in the quarter. The group’s chilled business saw its LFL sales grow 0.8%.The business posted operating profit of £22.1m for the quarter, compared to an operating loss of £4.3m a year ago. Boparan added that its operating profit was calculated before exceptional items, and included profits or losses on the group’s share of joint ventures.Profit after exceptional items, before interest and tax was £20.3m, which compared to a loss of £7.6m a year earlier.Retained profit after exceptional items, interest and tax stood at £3.1m, against £16.7m in the second quarter of the previous financial year.last_img read more

Sanders named chairman of Health and Aging Panel

first_imgSenator Bernie Sanders (I-VT) was appointed today to chair the Senate Subcommittee on Primary Health and Aging.‘With more Americans heading into retirement, we need to focus on supporting our seniors and ensuring their quality of life. I look forward to working side by side with Sen. Sanders to protect the benefits that our seniors have worked hard for, from pensions to health care, while also advocating for programs like community health centers and LIHEAP that are vital to families across the country in these tough economic times,’ said Sen. Tom Harkin (D-Iowa), the chairman of the full Committee on Health, Education, Labor & Pensions.Sanders’ panel is responsible for several areas that are among his top priorities, including community health centers, home heating assistance, seniors programs, pensions and dental care.Sanders has been a champion in Congress for community health centers, securing $11 billion in last year’s health care reform law to increase the number of patients served in the next five years by 20 million. That infusion of support came on the heels of another $2 billion that he added in the 2009 stimulus bill.The centers provide affordable primary and dental care as well as low-cost prescription drugs and mental health counseling. In Vermont, Community health Centers now serve over 100,000 Vermonters.The subcommittee’s oversight of the Low-Income Home Energy Assistance Program will allow Sanders to continue to fight for the much-needed program. ‘During these very difficult times, seniors on fixed incomes and families with children shouldn’t have to make the choice between heating their homes and putting food on the table,’ Sanders said.Sanders led the effort in Congress to double funding for LIHEAP to $5.1 billion annually since 2008. Unfortunately, President Obama proposed cutting the program in half for next year and House-passed legislation would slash $400 million from the program this year. Vermont’s congressional delegation has pledged to fight such cuts.Sanders’s panel also has jurisdiction over the Older Americans Act, which is up for reauthorization this year. Its programs include ‘meals on wheels,’ congregate meals, and senior center programs.Sanders’ subcommittee is one of three subcommittees of the H.E.L.P. committee.Source: Sanders’ office. WASHINGTON, March 16, 2011last_img read more

Sam Greenwood confirms Arsenal departure ahead of Leeds United transfer

first_img But, the Englishman has decided it is time to move on and paid tribute to the north London club on his Instagram page.AdvertisementAdvertisement’I want to say a big thanks @Arsenal and the supporters for the last 2 years of my career,’ he said.‘Been an honour to play for the club while meeting some special people and making even better memories.’ Comment Skip 1/1 PLAY Greenwood is moving on from the club (Picture: Getty Images)Arsenal’s talented young academy star Sam Greenwood has said his goodbyes to the club ahead of a reported move to Leeds United.The 18-year-old is said to be on the verge of joining Marcelo Bielsa’s side, where he will continue his fine development.Greenwood signed his first professional contract with the Gunners in September 2019 after impressing in the Under-18s’ title-winning 2018/19 season.The attacker then progressed to the Under-23s in January, making five appearances and scoring one goal in Premier League 2.ADVERTISEMENT by Metro About Connatix V67539 Sam Greenwood confirms Arsenal departure ahead of Leeds United transfer Video Settings Rio Ferdinand tells Ole Gunnar Solskjaer to drop struggling Read More Advertisement Visit Advertiser website GO TO PAGE Manchester United captain Harry Maguire Coming Next Skip Ad Read More 1 min. story Full Screen Advertisement Read More Top articles Read More Read More / Metro Sport ReporterThursday 27 Aug 2020 11:40 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link157Shares SPONSORED In first-team news, the Gunners are set to announce the signing of Gabriel Magalhaes this week after the Lille centre-back reportedly put pen to paper on a five-year contract.The Brazilian will be Mikel Arteta’s second major recruit of the transfer window after bringing in Willian on a free transfer.Gabriel’s arrival will mean Arsenal have nine centre-backs on their books, including Konstantinos Mavropanos, who has been sent out on loan to VfB Stuttgart for next season.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalGunners fans finally got to see William Saliba in action in the first half of their pre-season friendly win over MK Dons on Tuesday.The 19-year-old has linked up with the squad after spending last season on loan at Saint-Etienne.MORE: Arsenal reject Wolves’ bid of below £20m for Ainsley Maitland-NilesMORE: Atletico Madrid to tempt Arsenal by offering choice of three players in exchange for Alexandre LacazetteFollow Metro Sport across our social channels, on Facebook, Twitter and InstagramFor more stories like this, check our sport pagelast_img read more

Graham Quirk works hard for first auction win

first_imgGraham Quirk had lots to say about Brisbane during long pauses between bids at Saturday’s auction. Picture: Steve Pohlner.And while he is on their team in a voluntary role, there was no International Olympic Organising Committee to sweeten the bidding here, so he was forced to place another vendor bid of $700,000.“Just to keep things rolling and what we’ll do now is bid in $10,000s,” Mr Quirk said.At this point, the Googan family asked about auction practices.“The vendor can bid as long as you can,” Karalis Real Estate’s lead agent Michael Sunderland explained to the family.“In NSW it’s one only, but in Queensland it’s as many times as you want.”Soon after this, Lily threw up paddle number eight and entered her first auction with a bid of $720,000 and what followed was a series of three quick-fire bidding volleys over five minutes between Lily and the Googans, during which the price got to $796,000. The largely local crowd gather to see Graham Quirk’s first auction, at 6 Archiva St, Mount Gravatt East: Picture: Steve Pohlner.“G’day, I’m lucky to have you all here,” Mr Quirk said, before reporting in for duty.“I’ve got the gavel, let’s hope I can bring it down.” Part way through the auction, a real estate agent’s mobile phone started ringing to the sound of Fatboy Slim’s Weapon of Choice. Nobody was shocked by the tone of Graham Quirk’s voice. Picture: Steve Pohlner.The opening bid of $500,000 came from Peter Lukose, who was prepared to go to $650,000 but no further as his wife had not seen the house he was bidding on.“He’s 101 per cent for me,” Mr Lukose said of Graham Quirk’s first day on the job.“He’s a little bit tricky, going to the market, then winding us up, that’s a trick.“But the way he presented, just very nice, because he know every piece and corner of Brisbane.”Bidding against Mr Lukose was Peter Googan and his family from Holland Park.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThe winning bidders James & Mae Googan, with their children Liam, 3yrs & Flynn, 6yrs. Karalis Real Estate agent Michael Sunderland (left) stood beside them during the auction. Picture: Steve Pohlner.“I think he was a little bit nervous,” Mr Googan said afterwards.“We didn’t know who he was to be honest.“We’re originally from Sydney and we came here about a year ago, but it wasn’t until we showed the listing to other people at work and they knew who he was. They were really excited. They were surprised, they thought he was still mayor I think.”Mr Quirk recommended $50,000 bids to start and found the going tough so at $550,000 with Mr Googan in front he was forced to place a vendor bid of $600,000.Mr Googan replied with $650,000 and then there was another long pause, during which Mr Quirk launched into a city sales pitch that would have made Queensland’s Olympic bid organisers proud to have him on their team. We’re not sure how much he’s charging for his auctioneering duties but Graham Quirk’s number plate might give us a hint. Picture: Steve Pohlner.“This is your virgin auction,” said Mount Gravatt East resident Dale Hanley, who was propped up on a pre-war shooting stick on the front lawn as part of the 80-strong neighbourhood welcome party for former Lord Mayor Graham Quirk. Racing champ to sell Brisbane house Graham Quirk congratulates the winning bidders. Picture: Steve Pohlner.“I’d give myself a seven out of 10,” Mr Quirk said afterwards.“I’ve got a lot of improvement that will come very quickly because today was a bit of an unnatural environment with the media around,” he said.“Not that that’s an unnatural environment for me but it still is in this set of circumstances.” He also had his Racing Queensland board member badge pinned to his jacket, but it would still take the best part of half an hour before the gavel came down on 6 Archiva St, Mount Gravatt East at $796,000, with two vendor bids, three active bidders, and not a single pause to negotiate.center_img Brisbane’s million-dollar suburb boom MORE REAL ESTATE STORIES Graham Quirk wore his Racing Queensland badge during the auction and was heading to the races for the afternoon. Picture: Steve Pohlner.It was 12.52pm, and the hottest part of the day, when Mr Quirk asked for the crowd’s indulgence to seek instruction from the vendor about whether the property was on the market, but there was no escaping the spotlight or the heat.“I’ve done it for you,” Mr Sunderland said by the auctioneer’s ear.“Oh, well, you’re ahead of yourself,” replied Mr Quirk.“Well ladies and gentlemen I’ve just had word … that this property is now on the market.”There were no further bids and the property went to the Googan family. FOLLOW DEBRA ON TWITTER Graham Quirk at his first auction as a professional auctioneer on Saturday. Picture: Steve Pohlner.A COUCH cushion in the house said ‘enjoy today’, but there were nerves all around as rookie bidders stood in front of a rookie auctioneer who just four months ago was the Lord Mayor of Brisbane.last_img read more

Laborer nabbed for theft charge

first_imgPolice identified him as Ryan Olisco, 31, of Barangay Talon, Roxas City. According to police investigators, Olisco was hiding from authorities for about three years. ILOILO City – A laborer charged with theft was caught in Barangay 11, Roxas City, Capiz. He was arrested on the strength of an arrest warrant on July 7, the investigators added.center_img The court recommended a P10,000 bail bond for Olisco’s temporary liberty./PN The suspect was brought to the Roxas City police station.last_img

New library addition opens today

first_imgBrookville, In. — The $3 million expansion at the Franklin County Public Library in Brookville will open today (Sunday, September 16). From 2 to 4 p.m. the public is invited to come out and look around.Local author Mark McLane will deliver remarks and talk about his summer research project about the library.The new facility includes sections for children and teens, meeting rooms and a Genealogy Department.last_img

NFL Combine records: Top 40 times, bench press reps, more

first_imgNothing projects a football player’s ability to perform at the highest professional level quite like a cone-to-cone sprint in his underwear.Enter the 2020 NFL Combine in Indianapolis, where the country’s best college football players converge for their first encounters with NFL franchises ahead of the 2020 NFL Draft. NFL Combine records40-yard dash*Electronic timing began in 1999*Record holder: John Ross, WR, 2017Time: 4.22 secondsYeah, but: Running back Bo Jackson reportedly ran a 4.12 at the Combine in 1986. Defensive back Deion Sanders was clocked at 4.2 in 1989.Top five since 2006:RankPlayerTimePos.Year1.John Ross4.22WR20172.Chris Johnson4.24RB20083.Dri Archer4.26RB20144.Marquise Goodwin4.27WR2013T5.Jacoby Ford4.28WR2010T5.Jalen Myrick4.28CB2017T5.J.J. Nelson4.28WR2015T5.Demarcus Van Dyke4.28DB2011Bench pressRecord holder: Stephen Paea, DT, 2011Repetitions (225 pounds): 49Yeah, but: Paea’s 49 reps were deemed a record in 2011 even though defensive tackle Justin Ernest pumped out 51 reps in 1999.Top five since 2006:RankPlayerRepsPos.Year1.Stephen Paea49DT20112.Mitch Petrus45OL2010T3.Jeff Owens44DT2010T3.Dontari Poe44DT2012T5.Russell Bodine42C2014T5.Harrison Phillips42DT2018T5.Tank Tyler42DL2007MORE: Recalling crazy Combine interview questionsVertical jumpRecord holder: Chris Conley, WR, 2015 / Donald Washington, CB, 2009Height: 45.0″Yeah, but: Safety Gerald Sensabaugh set a Combine record with his 46-inch vertical in 2005, a year before the NFL’s recency cut-off.Top five since 2006:RankPlayerHeightPos.YearT1.Chris Conley45.0WR2015T1.Donald Washington45.0CB20093.Byron Jones44.5CB2015T4.A.J. Jefferson44.0CB2010T4.Obi Melifonwu44.0S2017T4.Juan Thornhill44.0S2019Broad jumpRecord holder: Byron Jones, DB, 2015Length: 12’3″Yeah, but: Jones did more than shatter the Combine record — he set a world record with his jump that dropped jaws at the 2015 event.Top five since 2006:RankPlayerLengthPos.Year1.Byron Jones12’3″CB2015T2.Obi Melifonwu11’9″S2017T2.Emanuel Hall11’9″WR2019T2.Juan Thornhill11’9″S20195.Miles Boykin11’8″WR2019Three-cone drillRecord holder: J.T. Thomas, CB, 2018Time: 6.28 secondsYeah, but: Thomas went undrafted in 2018. He was signed by the Eagles as an undrafted free agent but was cut soon after.Top five since 2006:RankPlayerTimePos.Year1.Jordan Thomas6.28CB20182.Jeffrey Maehl6.42WR20113.Buster Skrine6.44DB2011T4.Scott Long6.45WR2010T4.David Long6.45CB2019MORE: Stars who overcame terrible Combines20-yard shuttleRecord holder: Jason Allen, CB, 2006 / Brandin Cooks, WR, 2014Time: 3.81 secondsYeah, but: Four players — Kevin Kasper, Deion Branch, Dunta Robinson and Champ Bailey — posted better 20-yard shuttle times before 2006. Kasper’s time of 3.73 remains the best.Top five since 2006:RankPlayerTimePos.YearT1.Brandin Cooks3.81WR2014T1.Jason Allen3.81CB20063.Bobby McCain3.82CB20154.B.W. Webb3.84CB2013T5.Justin Simmons3.85FS2016T5.Desmond Trufant3.85CB201360-yard shuttleRecord holder: Shelton Gibson, WR, 2017Time: 10.71 secondsYeah, but: … Gibson was fast — no buts about it. He barely edged Brandin Cooks and Avonte Maddox (10.72) for this record.Top five since 2006:RankPlayerTimePos.Year1.Shelton Gibson10.71WR2017T2.Brandin Cooks10.72WR2014T2.Avonte Maddox10.72CB2018T4.Jamell Fleming10.75CB2012T4.Buster Skrine10.75DB2011 MORE 2020 NFL COMBINE:TV schedule | Biggest takeaways from IndyWhether and how much the Combine’s events matter is up for constant debate, but we doubt Byron Jones would have been drafted in the first round in 2015, for example, without his world-record broad jump. Physical attributes, though just one piece of the puzzle that is a player’s pre-draft evaluation, can’t hurt.Below are the best numbers for the core events — 40-yard dash, bench press, vertical jump, broad jump, three-cone drill, 20-yard shuttle and 60-yard shuttle — since 2006, or what the league calls “recent” history.The NFL does not keep Combine records, so these marks are unofficial.MORE NFL COMBINE:Notable Wonderlic scores from the pastlast_img read more