As 2018 draws to a close, Paddy Compare would like to wish all our customers a great Christmas and Happy New Year. We would also like to thank all of our insurance brokers for their great service throughout the year, and look forward to a happy and successful 2019.
2019 is set to be an interesting year with the impending Brexit, further advances in mobile technology and positivity in the construction sector.
In his 2019 Budget, Finance Minister Paschal Donohoe referred to the country as “a modern and caring Ireland that aims to be at the centre of a changing world.”
More good news for landlords as banks continue to offer mortgages aimed at improving the rental market. Rents have been rising in Dublin over the last number of months but there is now concerns over a lack of residential properties for tenants. The Permanent TSB launched new loans for buy to let investors. The Finance Minister Michael Noonan said that the Irish economy was being repaired piece by piece and was happy to hear the new loan offers in efforts to stabilise the apartment rents sector.
If you are a landlord and thinking of taking advantage of these new loans, then it’s equally important to find the right landlord insurance for your properties. Landlord insurance in Ireland will cover you and your property against damages, protect you contents and also provide cover for loss of rents. At Paddy Compare you can compare cheap landlord insurance in Ireland in one go, simply use our one page property owners insurance quote form and start saving today. Our partner landlord insurance brokers cover commercial and residential properties alike. So get commercial and residential landlord insurance quotes now.
Need landlord insurance for a commercial property? Try Paddy Compare today and use our landlord insurance comparison system. If you need commercial landlord insurance in Ireland, simply complete our landlord insurance quote form today. One of our featured partners, Pembroke Insurance will then contact you directly with a competitive quote to suit.
Commercial landlord insurance is ideal for landlord who rent out properties for commercial use, to businesses, for office space, or have a mixed portfolio of commercial and residential buildings. Most policies will include buildings insurance as standard and cover you against accidental damage, re-house tenants in the event of floods or fires and have some level of public and property owners’ liability insurance. Contents insurance cover can usually be added as an extra.
The European Parliament Constituencies Committee has recommended that Ireland be divided into three constituencies for future European Parliament elections. This action is a result of the number of seats being reduced from 12 to 11, to accommodate Croatia as the 28th member of the EU. There is a three seat Dublin constituency, a four seat Midlands-North-West constituency and a four seat South constituency.
It doesn’t matter which part of Ireland you live in, at Paddy Compare we know that finding cheap insurance deals is a must. That’s why at Paddy Compare you can compare car insurance, home insurance, van insurance. Also more specialist insurance such as taxi insurance, caravan insurance and landlord insurance, free of charge. It pays to compare insurance, so get a quote and start saving time and money today.
Recent good news for the Irish property rental market as prices in Dublin rose by 7.5% in the three months from April to June. According to a report from rental property experts Daft.ie, prices outside of Dublin also rose by 1% and the average rent is now €825 per calendar month, again up from €790 this time last year. Daft.ie’s report revealed that this increase in rents is due to a fall in the number of rental properties available, down to approximately 2,300 from 4,200 in August 2012.
Irish landlords will be looking to take advantage of the increasing rents available. If you own a property for investment purposes, currently or plan to rent, then finding the right landlord insurance is a must. Quality landlord insurance in Ireland will not only cover your property from structural or contents damage but protect you against tenants refusing to pay. At Paddy Compare you can compare landlord insurance across Ireland in seconds. Just complete our one page online landlord insurance quote form to find out how much you could save today.
Rental prices in Dublin have increased by 5% since this time last year, according to a recent rental report by property website Daft.ie. This is in line with the average rise of 2.7% across Ireland.
The gap between the cost of renting in urban and rural locations is increasing. Supply in Dublin City Centre is less than half of the monthly demand. This figure is decreasing, as typically more properties are rented out than become available on the market each month. On the other hand, supply outside of the city is typically greater than the demand, and this has resulted in decreased rental prices.
Increased rental prices are an excellent opportunity for property investors trying to maximise returns on their investment. Gross yields often appear very attractive, but bad debt, bills, maintenance and insurance can eat away at the net figures.
Rental income can be a nice earner but it comes with some substantial risks especially in the current economic climate. When someone purchases a buy-to-let property they expect the rent from the property to exceed the costs and for the property to increase in value over time, but that is not always the case.
From 1993 to early 2007, property prices in Ireland showed a steady rise and in particular from 2001 to 2007, property tripled in value. This spurred additional building and despite over 15% of all homes being unoccupied, construction continued. A recent report showed that over 350,000 homes, representing 17% of Ireland’s total housing remained unoccupied. At its height, the average house in Ireland was worth €310,000 but thanks to the credit crunch this figure fell to €150,000.
In late 2012 property prices increased for the first time since 2007 but still remain over 60% lower than their peak. Given the slight increase in prices and a corresponding increase in the number of residential transactions, experts say that the market is in early stages of recovery.
If you own a property that you currently rent or are planning to rent, then landlord insurance is very important. Even if your property is unoccupied, landlord insurance is a must. Paddy Compare can help you take advantage of some of the best buy-to-let insurance deals on the Irish market. Simply fill in our short one page landlord quote form and start saving money when you need it most.
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