News

We are virtually open

27/03/2020


To stop the spread of Covid19 most of our team are working from home.



Dear Clients and Customers,

I hope that you and yours are getting through these unprecedented events as best as you possibly can and will stay safe. If however, you do require property services or advice please read the following:


We are virtually open - following the recent Government announcement, Vincent Finnegan has now temporarily closed all of its branches to the public and the majority of our team are working from home to ensure we are doing our part to stop the spread of the Corona Virus.
Our doors may be closed but we are still open, with most of our team now working safely from home. This means that we can continue to service all of our clients, except any physical meetings or viewings of course.

VIRTUAL VIEWINGS
We have now stopped most physical viewings and replaced them with online where possible. Video viewings will either take the form of pre-recorded videos being sent to you or by arranging a live viewing with the seller or landlord.

VIRTUAL MARKET VALUATIONS
Even without stepping inside your property, our team can still give you an accurate indication of how much your property could be sold or rented for. There are four options for you to choose from:

  1. Live video walk-through – we provide you with a video conference link to show our local expert around your property.
  2. Recorded walk-through – send us a video of your property for us to evaluate
  3. Telephone appraisal – set up a telephone appointment with our experts to talk about your property in detail
  4. Desktop appraisal – provide us with basic details and our experts can give you an estimated price range

To arrange a market appraisal via one of the above methods, please email info@finnegan.ie

STAY IN CONTACT
If you would like our opinion on how the virus is affecting your property search, sale or rental, our experienced team are on hand to give you clear advice and to keep you updated as events unfold. If you would like to speak to an expert, our team are all available to speak to you over the phone, via video call or over emails. If you don’t have a direct contact, please call the following numbers: 01 298 4695 or 01 284 4312, alternativlely email info@finnegan.ie and we can put you in touch with relevant agent.

YOU MAY BE SURPRISED
We currently have strong numbers viewing properties online and everyday contacting us for property information. Properties are still being sale agreed and let (albeit at lower numbers understandably). When business does begin to get back to normal – you can prepare now for the market (whether buying or selling) business will get back to normal.

OPPORTUNITY AWAITS
This is an opportunity to put a strategy in place, whether that is being ready before others to bid and secure a property or, if you’re selling have your property looking really well by painting or doing the garden etc. (essentially improving your asset value). Due to a pent-up demand, we are anticipating and preparing for an increase in activity once restrictions are lifted. People who are prepared should benefit with quicker successful results.

We look forward to continuing working with you and shall update you with regard to any further developments.


Yours sincerely
Vincent B. Finnegan

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Coronavirus COVID-19 Public Health Advice

17/03/2020


Covid19 update for all our Clients and Customers



The safety of our clients and staff is paramount and we are taking guidance from credible sources such as the HSE, the HPSC and IBEC. We have taken a number of measures including a full hygiene, sanitisation and education plan implemented across all offices and for all staff.


If you have recently visited any of the affected areas, showing symptoms of the virus or have come into contact with an affected individual, please let us know as we can suspend viewings and act accordingly.

Please find link to HSE website for a comprehensive overview of the Corona virus.

Overview Coronavirus (COVID-19): https://www2.hse.ie/conditions/coronavirus/coronavirus.html

If you have any concerns or queries, please do let us know at info@finnegan.ie, or from our contact page.

We look forward to continuing working with you and shall update you with regard to any further developments.


Yours sincerely
Vincent B. Finnegan


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Brown Thomas to open major new shop in Dundrum

14/02/2020


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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Home prices will rise as Brexit fears ease – Davy

14/02/2020


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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Latest news

We are virtually open
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Coronavirus COVID-19 Public Health Advice
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Brown Thomas to open major new shop in Dundrum
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Home prices will rise as Brexit fears ease – Davy
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