The opinion-based survey produced at the end of last month ‘How Much Is Your House Worth? 2016’ drew on local expert’s professional knowledge to give an indication of what an average property across the country area would sell for.
There are many factors that affect the value of a home, some of the more obvious ones including the location, age, condition, type, and size. However, as the benefits of property only become apparent with time, the valuation must therefore take into account Governmental control and regulations as well as economic and social trends.
The effect of the 20% Central Bank ruling on property values is clearly one of the predominant threads running through the report. The majority of the Dublin postcodes highlight a strong demand for homes in good condition, whereas older homes needing work are taking longer to sell as potential buyers have no surplus cash to complete renovations due to the restraints of the Central Bank rule.
If you are considering putting your property on the market now that we are coming into the spring season, it is essential that you consider what works need to be completed before it is presented to the market for sale. Contact Clare Connolly Property Consultants with any questions or queries you may have around the sale of your property, or provide a free valuation.