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Vincent Finnegan Ltd. are one of the longest established independent estate agents in South Dublin. We have been successfully selling properties as Vincent Finnegan Limited since 1982 and prior to this as McDermott Finnegan since 1972. Vincent Finnegan Sr. was selling properties in Dublin since the 1950's.

We have a reputation for attention to detail, impeccable customer service and excellent advice.

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Latest News

Dublin 'must double homes built'

Dublin needs at least 14,000 new homes annually - double the current rate of construction - to help house an expected extra 400,000 residents in the coming decade, according to Dublin Chamber.

The Chamber - which represents 1,300 firms employing 300,000 people - says the housing scarcity and cost is driving wage inflation and pricing workers out of the capital.

Its election manifesto published yesterday says new housing inside the M50 must be higher-density and have stronger transport links.

"Businesses tell us that the availability and affordability of housing is the biggest issue facing them," said Aebhric McGibney, the Chamber's director of public and international affairs. "Not only is this leading to demand for wage increases, it's hurting Dublin's competitiveness generally as a place to live and work."

He said Chamber polls and focus groups had produced a consensus view that the next Government must "act decisively and ambitiously" to deliver new housing and transport links on deadline.

"There is a history of going back to the drawing board when governments change. But strong economic and population growth and increasing pressure on infrastructure means Dublin cannot afford further delays in key projects," he said. "Dublin's public transport offering is way behind where it should be."

The Chamber says the Dart Underground project should be "shovel-ready by 2025 to allow for construction to start immediately after the completion of MetroLink in 2027".

Its election manifesto says 858,000 people work in the capital, including 140,000 who commute from eight surrounding counties. It forecasts a 30pc rise in Dublin's population by 2030 to 1.7 million.

Co-ordinated development will require, it says, "a directly elected mayor, or an equivalent figure, with the necessary powers and responsibility to implement the Dublin Metropolitan Area Strategic Plan".

It highlights a need for smarter policies for two-wage families in the commuter belt, where greater adoption of flexible hours and remote working would cut childcare bills and traffic congestion.

It wants subsidies under the National Childcare Scheme to double to €100 weekly by 2023, leading to free childcare for most families by 2030; a €5,000 'return to work' credit and reduced income tax for second earners; and formal employer guidelines on their legal and insurance obligations to remote workers.

Dublin needs more women in the workforce, it says, but female participation "lags behind international benchmarks due to the high cost of childcare and the high marginal effective tax rate on second earners in a family".

Jan 24 2020
Irish Independent

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Home prices will rise as Brexit fears ease – Davy

Residential property prices should rise by 2pc this year or more if subsiding Brexit fears stimulate greater spending on high-end homes, according to Davy Stockbrokers.

Davy's 2020 forecast is bullish on Irish prospects, driven by its core views that export growth at high-tech multinationals will roar ahead and the UK's avoidance for now of a Brexit "cliff edge" will spur domestic investment.

Its report published today sees 2020 economic output growing by 5.5pc in gross domestic product (GDP), a major hike from its previous forecast of 4.1pc growth. It sees higher growth "on the back of strong foreign direct investment, exceptional export performance and expansion in the multinational sector".

Davy's forecast runs well ahead of recent 2020 GDP projections by the Central Bank of Ireland (4.3pc), the Department of Finance (3.9pc) and the Economic & Social Research Institute (3.3pc). Davy defends its rosier outlook, in part, by noting virtually all authorities have been underestimating the growth of FDI exports since 2017.

Davy says average home prices should rise 2pc this year and could rise further "if the top end of the market benefits from reduced Brexit uncertainty".

Home price increases last year slowed to a trickle in much of the country, particularly in Dublin, where the priciest homes have faced slack demand and price discounts.

Davy chief economist Conall Mac Coille said home prices experienced "a more aggressive slowdown than we would have thought" in 2019 amid Brexit uncertainty.

The UK's move to enter a transitional Brexit deal with the EU at the end of January, he said, could spur "the top end of the market to move up more aggressively in price". He added: "Brexit isn't going away as an issue, but at least we've got 12 months before there's the threat of another cliff edge."

Davy expects construction and sales of homes to grow, with mortgage lending set to rise to €10.7bn from €9.6bn in 2019. It foresees 25,000 housing completions this year, up from 21,800 in 2019.

Davy sees exports rising 11pc last year and 7pc this year - led by 8pc growth among the 1,550 multi-national firms based here.

Consumer spending is seen growing 3.2pc in 2020, Government spending by 3.2pc and investment by 5.3pc, including a 7pc gain in building and construction.

The workforce is projected to grow by 2.5pc while unemployment would fall from the current rate of 4.8pc - already a 13-year low - to just 4.4pc.

Davy says fears of a crash-out Brexit drove indigenous firms to be exceptionally cautious as around half of companies delayed investment decisions.

"Now that a 'no-deal' Brexit cannot occur in 2020, we expect output in indigenous sectors to grow by 3.5pc in 2020, slightly faster than the 3pc in 2019," its report says.

13 January 2020
Irish Independent

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Brown Thomas opens new shop in Dundrum

Outlet opening in 2021 will take over two floors from departing House of Fraser

Brown Thomas has agreed to let two floors of the House of Fraser department store in the Dundrum Town Centre in a move that will substantially boost its presence in the prime south Dublin retail complex.

Brown Thomas has agreed to take the lower ground floor and the ground floor of the House of Fraser store, which will cease trading in May, The Irish Times has learned.

A spokeswoman for House of Fraser in Dundrum said: "Despite our best efforts over the last 12 months, we have been served notice by our landlords in Dundrum." She said that while the announcement was unexpected, the company remains hopeful that many of the current staff at its Dundrum department store "will now be employed by the new tenant".

The space will undergo a multimillion-euro refit, with the new Brown Thomas store set to open in the first half of 2021, employing more than 400 staff.

The outlet will comprise more than 63,000sq ft of space, roughly half the size of Brown Thomas’s flagship department store on Grafton Street.

The retail sales area of 45,000sq ft will allow Brown Thomas to offer a much larger range of products compared to what it currently provides at its existing BT2 outlet in Dundrum, which will be vacated once the new store is ready.

Brown Thomas said its vision for the store was to create a “contemporary space – mixing physical and digital, designed to enhance the shopping experience for customers”.

Simon Betty, Hammerson’s director of retail for Ireland, said the addition of Brown Thomas at Dundrum would “transform the department store line-up” there.

Hammerson, which manages Dundrum Town Centre and co-owns the retail complex with German insurer Allianz, said it was in advanced discussions with parties on the remaining space at House of Fraser.

No financial details for the letting have been revealed but Brown Thomas is believed to be paying more than €1 million a year for its existing BT2 outlet. House of Fraser was previously reported to be paying rent of €2.4 million for the entire 139,930sq ft store, but figures contained in an administrator’s report in 2018, after the UK retailer ran into financial difficulties, reveal it had rental costs of some €103,000 a month at that time.

5 February 2020
Irish Times

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