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Saturday, February 11, 2012

Donie's news up-date Saturday


A Man & a Woman found shot dead in Co Roscommon

       

A man and woman have been found shot dead a short distance apart near the Co Roscommon village of Cloonfad.

Gardaí at Castlerea are investigating the shootings which they believe happened between 9.30pm and midnight last night.
A 44-year-old man was found dead in a silver Volkswagen Passat shortly after midnight at Cloonfad which borders Co Mayo and Co Galway.
Over an hour later, at around 1.30am, a 30-year-old woman was found dead in a silver Volkswagen Passat a short distance away at Springvale, also at Cloonfad.
Both scenes have been preserved for a technical examination.
The State pathologist and garda technical examiners have been called to the scene and an incident room has been established in Castlerea Garda Station.
Anyone with information to offer on either incident is asked to contact gardaí at Castlerea on 094 9621630, the Garda Confidential Line on 1800 666 111 or any Garda Station.

Galway Property rents drop by 18.8% on 2007 in city and county

               
Rents in Galway City are now 18.8 per cent below their 2007 peak, while elsewhere in the county they are down by 24.3 per cent.
That’s according to the latest report published by property website Daft.ie, which shows that rents in Galway City in late 2011 were on average €747, 1.2 per cent lower than a year previously, while elsewhere in the county they were €558, a fall of 2.5 per cent during the year.
The report also shows that in Connaught, rents fell by 1.2 per cent in the final three months of the year.
Nationally, the number of properties available to rent nationwide at the start of 2012 is at its lowest level in three and a half years, according to the Daft.ie report.
It shows that the number of properties available to rent nationwide has fallen by 5.7 per cent. This is primarily driven by Dublin, where there are almost 1,000 fewer properties available to rent now than a year ago.
The average rent in the final quarter of 2011 nationwide was €821, a fall of 0.7 per cent compared to the same period a year previously.
In Dublin, rents were largely static, rising by just 0.3 per cent, while in Cork, the average rent rose by 2.6 per cent over the course of the year. In Limerick and Waterford cities, rents declined by 2.4 per cent. Outside the main cities, rents were 1.7 per cent lower than a year previously.
Commenting on the report, Joan Burton, Minister for Social Protection, said that, nationally rents have remained notably stable for the last 12 months.
“Indeed, rents have stabilised as far back as December 2009, with little change since that date. This quarter under review mirrors this trend. As previous quarterly reports have shown, national rent indices still appear to mask a rural/urban split within the Irish rental market, with rural prices continuing to fall, albeit at a slow pace, and these falls being offset by increasing rents in urban areas.
“The issue of rents stabilising since December 2009, given the deterioration in both net disposable incomes and employment opportunities, does pose the question as to whether an element of this relates to the pricing floors available to landlords in the form of rent supplement limits,” said Minister Burton.
She also noted that it is essential that rents are allowed to stabilise from a natural balance of supply and demand, rather than as a result of a price floor funded by the taxpayer.
Ronan Lyons, Economist at Daft.ie, said that it will be interesting to see whether any changes to the rent supplement thresholds have an impact on the wider rental market, especially later in the year when leases are renewed.
“Any effect is unlikely to be evenly felt in all areas though, as some areas, such as Cork city and certain parts of Dublin, are already seeing increasing rents, which suggests underlying demand from a build-up of first-time buyers,” he said.

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