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Budget 2012

BUDGET WILL HELP TO RESTORE CONFIDENCE IN PROPERTY INDUSTRY – AUCTIONEER

A number of incentives contained in Budget 2012 should help rebuild confidence in the property industry, according to the Institute of Professional Auctioneers and Valuers (IPAV).

In particular, IPAV Chief Executive Fintan McNamara welcomed the increase in mortgage interest relief for first-time buyers from 15% to 25% and for non first-time buyers from 10% to 15%.

He also said the removal of Capital Gains Tax for property purchased between midnight last night (Tues) and the end of 2013 would provide an additional incentive to would-be investors who provide valuable accommodation to tenants who would otherwise be on local authority housing lists.

However, he cautioned that the Budget incentives would only work if they were accompanied by the freeing up of capital by the lending institutions.

“Unless the Government’s announcements are matched by immediate and real actions by the banks in providing credit, they will prove of very little value,” he said. “I am now calling on the Government to insist that the banks follow up on the incentives announced.”

Mr McNamara said the reduction in the rate of Stamp Duty for commercial property transfers  from 6% to a flat rate of 2% should help to provide an incentive to this market which has been languishing for the past three years.

Mr McNamara expressed concern at the additional imposition of the new €100 household levy on all non-principal private residences which are already subject to a €200 levy.

“The size of this levy on any particular building needs to be capped as a matter of urgency as otherwise it will continue to drive investors out of the market,” he added.
 

IT’S NEW – AND IT’S ONVIEW.IE!

Patrick Carroll with Hector

IT’S NEW – AND IT’S ONVIEW.IE!

A brand new Irish property website portal, www.onview.ie goes live this week (Monday, November 14th). The website is the brainchild of the Institute of Professional Auctioneers and Valuers (IPAV), the only body that exclusively represents Auctioneers in Ireland. 

The website, which aims to be the most comprehensive and up-to-date Irish property portal, will cover all property transactions including residential sales and lettings, commercial sales and lettings and land sales. OnView.ie is the first Irish property website to feature a section dedicated to upcoming Auctions, which will list details of all upcoming Auctions by IPAV members throughout Ireland.

The portal will be used initially by the IPAV’s 400 plus member firms nationwide who cover all 26 counties in the Republic.

In addition, the site will carry out regular polls among visitors to the site on issues of topical interest.

The new portal was officially launched by RTE personality Hector O’Heochagáin at a function attended by almost 100 IPAV members in the Radisson Blu Hotel & Spa, Galway on Tuesday night, November 8th.

“Our objective is to provide the public with immediate comprehensive listings of available property throughout Ireland,” said IPAV Spokesman Martin O’Mahony.  “By selecting a property advertised on this website, you can be assured of the highest standards of professional conduct from the listing Agent and this is guaranteed by IPAV.  On View.ie provides its members and the public with the first property listings point for available property in Ireland.”

He added: “Onview.ie  provides a very effective and cost-efficient method for Auctioneers and Letting Agents to advertise their properties.. The website is user-friendly and the name is very memorable.”

Founded in 197I, the Institute of Professional Auctioneers & Valuers aims to protect, advance and promote professional standards among its 850 members as well as to protect the interest of the general public.   IPAV provides full-time and part-time education courses to educate existing, and aspiring Auctioneers, Valuers, and Property Professionals to the high standards expected of an IPAV member.
   

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IT’S NEW – AND IT’S ONVIEW.IE! IT’S NEW – AND IT’S ONVIEW.IE! A brand new Irish property website portal, www.onview.ie goes live this week (Monday, November 14th). The website is the brainchild of the Institute of Professional Auct... Read more
Budget 2012 BUDGET WILL HELP TO RESTORE CONFIDENCE IN PROPERTY INDUSTRY – AUCTIONEER A number of incentives contained in Budget 2012 should help rebuild confidence in the property industry, according to the Institut... Read more

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