The latter indicates that there is scope for more growth towards the year-end. Despite the increased market preference to purchase rather than lease throughout the Dublin region, the rental market has seen some signs of increased activity with properties taking less time to rent. Tenants continue to seek flexible terms with short leases and rent free periods now being considered standard. Prime new units if up to 500 sq. m. are achieving rents of between €105 per sq. m. and €130 per sq. m. per annum. Units in excess of 500 sq. m. are realising about €100 per sq. m. and €120 per sq. m.. According to Lisney prime industrial rents increased by 1.5% for the six months to July 2005 and should continue to grow for the remainder of the year.

Prime retail rents have increased by 3.85% since the beginning of 2005.

This represents an increase of 20.73% over the last year. The prime retail sector has been the only area to see growth over the last three years with a growth rate of 86.53%. Although the pace of rental growth on Grafton Street is slowing, there is still a significant gap between rents being achieved on the open market and rents being agreed with tenants at rent review.

Recent new lettings on the street indicate rents in excess of Zone A €8,600 per sq. m.,while rent review settlements are approaching Zone A levels of €7,500 per sq. m. with corner units achieving more.For a number of years Irish investors have been making waves in the UK, successfully outbidding local investors. This started at auctions with small lot sizes and, over the last 5 years, has moved up the food chain.

There were a number of reasons for this including a fall in the amount of money flowing in to the open ended funds. German law requires that a proportion of funds be kept in cash. We don’t frequently consider the property business area existing as it does today in many years passed by however actually house or land adelaide conveyancing fees is a thing of both the past and the present. In 2004, the profile of the deals being done by Irish investors rose to the very top of the market.

They were attracted by the long lease terms, full repairing and insuring tenant obligations, upward only rent reviews and relatively low transaction costs. In 2004, the German appetite of German funds cooled somewhat.


Some of the funds have seen a net outflow of investor’s cash and accordingly have been net disposers. This has left a void at the upper end of the market that has given Irish investors the opportunity to purchase Unilever House and 70 Gracechurch Street, amongst others.

The UK has many similarities with our home market in terms of leases and practices. The big differences are there is more liquidity in the UK and yields are higher. Stamp duty in Ireland, at 9%, has reduced liquidity, which was already under pressure. Developers traditionally provided a flow of investments into the market once their developments are completed and let.

The super profits that development has generated together with low interest rates have taken pressure off developers to trade completed developments and many of them are holding their assets.

This is a vicious circle as these developers are also major investors and with the reduced supply of investments they become even less likely to sell given the difficulty of reinvesting. The low and apparently stable interest rate climate, weak stock market in 2001-2003 and increased wealth drove yields lower than many people predicted. While the disposal and acquisition of property is our core business, it is our in-depth understanding of how the market changes and evolves that sets us apart: we know when to act and when to stand firm; we are aware of the politics and personalities involved; we have an appreciation of the overall fabric of the market.

Our comprehensive knowledge of local and national property and procedure enables us to provide a consistent service, whether in an urban or provincial environment. Our proactive approach to strategic planning, appraisals and marketing, ensures maximum efficiency and higher returns for our clients. In other words, we get results. Lisney’s retail and leisure division has its finger firmly on the pulse of the Irish economy. Owners, leaseholders, retailers and leisure operators rely on Lisney’s expertise to identify suitable properties and tenants, to anticipate economic and consumer trends, and to manage the negotiation process.

Local and multinational companies involve Lisney at all stages of development, from finding a site for a shopping centre to locating tenants to populate it. Conveyancing specialists would embrace undertakings like property investigation, title examination, drafting property deed, delivering conveyancers report, planning archives for home loan bank and instructing purchasers on lawful angles regarding property deeds.


The market has developed over recent years with many different categories of new homes emerging Peter states, Lisney intend to specialise in niche developments that will reflect and benefit from our unrivalled reputation for quality, service and reliability.

According to a new report by Cushman & Wakefield Healey & Baker, international affiliates of Lisney, the forecast for total UK investment returns has been revised upwards to 12.4% for 2005. This is a 2% increase on the initial forecast. This out-performance of the market is coming at the price of slower returns towards the end of 2005 and into 2006, which are not expected to as strong as earlier this year. Different overwhelming experts and conveyancers will in like way have set up their own particular destinations where you ought to can chase their districts get an online reference or chat with them through visit or trick conferencing about specific demand as to your won conveyancing Duncan Lyster, Divisional Director of Lisney states that ‘the strong demand for investment property in the UK has been accompanied by marked yield compression in all sectors of the market.

However, there are now signs that the market is stabilising with the scale of yield falls slowing in many areas’.

Duncan adds that the ‘heat and excitement of the early summer has moderated as investors now accept the sector’s yield re-rating as a fact of life’.The most obvious risks are to secondary stock, particularly with regard to weaker locations or properties that cannot be adapted to meet modern needs. Lisney are well equipped to advise on mainland Europe having recently recruited a native of the Czech Republic. Katerina Kopecna joins the Investment Team from a firm of property advisors in Prague and will work with Duncan Lyster, who spent many years in the UK, and Robert Janke, a German national, advising on International Investments. Currently, all market indicators suggest that this growth will continue for the remainder of the year.

To date enquiries from end users are on the increase and there have been a number of significant new lettings. Prime high spec city centre space has seen an increase of 5% this year. This growth rate differs from the overall figure, as there is still a two-tiered market with office rents in the suburbs and outside of Dublin experiencing no growth.

There is good demand from owner-occupiers for Georgian buildings and capital values have increased this year. However, due to high vacancy levels in the letting market, Georgian Office rents have not moved this year.


The Federation strongly opposed the Government’s proposals for mandatory independent as built testing which it considered would represent a substantive waste of resource and place an unacceptable increase on the price of homes.

Instead, it recommended maintaining the principle of deemed to satisfy alongside inspection, whilst reserving the right for the Building Control Authority to test when they considered it necessary to do so.


Mainly as a consequence of a change in membership policy, the BPF was unable to join the successor body to the Construction Clients Forum, the Confederation of Construction Clients.

The BPF took steps therefore to ensure that it represented members’ interests directly, where previously the responsibility had been with the central client organization. A case in point being the BPF’s invitation to join the successor body to the Construction Industry Board, the Strategic Forum for Construction, which brings all sectors of the supply chain together in producing best practice guidance for the industry as a whole. We trust this brief aide clarifying the procedure of conveyancing stage by stage helps you to move house as fast and as easily as could be allowed. All three organizations became full members of the European Property Federation on 1 January 2002.

The BPF continues to represent clients’ interests on the Joint Contracts Tribunal (JCT), and its various committees and working parties, including the Drafting Sub-Committee, Rethinking Construction Working Party, New Form of Contract Steering Group, Insurance Working Party, Construction Disputes Resolution Group and Electronic Forms Working Party.

The Secretariat is grateful for individual members’ substantive time commitment to JCT affairs, which is considered invaluable to the production of standard client compatible contract form for the industry as a whole.

The BPF is currently contributing to the Strategic Forum for Construction’s initiatives in the areas of health and safety, client leadership and supply chain integration. Negotiations with the Portuguese Association of Developers, the Portuguese Council of Shopping Centres and the Spanish Association of Rental Property Companies were successfully completed. Unfortunately, the Commission failed to factor in indoor air quality which is essential to avoid the mistakes of the past whereby energy gains in buildings were made at the cost of human health.

It is important to establish a common methodology to ensure that the comparisons are standard.

The EU took the lead in the fight against global warming, reducing CO2 emissions in accordance with the Treaty of Kyoto.


Many sites under consideration involve a broad mix of commercial and residential content, which requires the spread of Lisney expertise.

Lisney’s dedicated overseas property division offers access to this growing market, for developers and investors wishing to attract Irish buyers. Lisney Overseas is involved in the marketing and sale of diverse, global property opportunities, into the Irish market and beyond through our international network.

Lisney’s team of Chartered Surveyors specialise in the negotiation of disputes and, where necessary, their referral to the courts, to arbitration or to independent expert. We act on behalf of landlords and tenants, whether they be small independent traders, private individuals, consortiums or large organisations or institutions.When settlements are not possible, we have co-ordinated references to the Property Arbitrator.

Lisney’s team of Chartered Surveyors specialise in the negotiation of disputes and, where necessary, their referral to the courts, to arbitration or to independent expert. If not, you can instruct Lisney to appeal on your behalf and endeavour to reduce your annual rates bill.The main conveyancing lawyers melbourne performs the process of property related to do the respected process for making profit.

The rise in construction site fatalities prompted the Federation to explore ways it could promote an improved health and safety culture in the industry, which had been strengthened to ensure that all cardholders were equipped with adequate health and safety knowledge for the tasks they performed on site. The Federation welcomed the principle of revising the Regulations, which would introduce higher performance standards and result in increasing the amenity of dwellings at a time of increased housing density and intensification.

The BPF also suggested that improvement in acoustic performance might present an opportunity to relax elements of existing planning guidance governing the development of housing in close proximity to sources of noise.


As occupier needs change, acquisition and disposal of industrial buildings can become increasingly complex. Our experience covers all facets of industrial facilities, from identifying suitable locations to disposal or change of use. Today, the potential and risk of a property portfolio can be spread across sectors and across continents. Such mobility, however, brings with it great fiscal and statutory complexities.

Lisney’s Investment Agency has the knowledge, experience and affiliations to guide investors through regional, national and world-wide transactions. Many complex and sensitive issues affect the value of development land. Conveyancers moreover have capable repayment insurance.

Lisney has a team of experienced and highly qualified development surveyors who provide a comprehensive service to assist in ensuring that land owners maximise the potential and value of their lands. Lisney is geared to assist with every issue thereby providing a 360o service which guides land owners through the difficult development process.

Lisney Financial Services acts as a fully independent financial advisor, serving commercial and residential clients of all sizes, in all sectors. Our independent, confidential service is governed by the same standards of discretion and integrity found in all divisions of Lisney.

Our knowledge of both the financial and property markets means we will find the most secure and cost efficient ways to meet your financial requirements. In recent years, Lisney has consistently achieved record prices for all types of property. We put this success down to our individualised service and attention to detail.

Lisney New Homes is a dedicated team acting for a number of developers as agents in the disposal of quality residential developments. Our consistent reputation for quality and service across the existing commercial and residential divisions has ensured an enthusiastic response among the buying public, investors and developers alike. Lisney New Homes assess the viability of development sites in conjunction with our development team.

From your first contact with our office, through to closing the sale, you will be attended by the same sales team. From the ‘For Sale’ boards and brochures, through to advertising, internet presence and auction facilities, Lisney follows a thorough and effective process – giving you peace of mind and the best price.


The Commission stood firm and by end-year it seemed likely that no new Member State would be accorded anything beyond the traditional five-year transition for purchase of secondary residences.

In 2001 the Government set about wholesale reform of the planning system, which it acknowledges currently costs the nation dearly in terms of economic prosperity, quality of development and competitiveness.

In announcing its intention to put forward a package of measures in a Green Paper on Planning Reform, it promised the most radical shake up of the system since 1947. The Government’s desire to implement the reforms as quickly as possible resulted in the BPF providing Government with recommendations for planning reform in advance of the Green Paper itself.


2001 was also the year that stakeholder organizations sought to establish their respective positions on the development of tall buildings.

Most notably in respect of one of the daughter consultation documents – reform of the system of planning obligations. settlement agents supervisory board perth
is the moving of legitimate title of ownership starting with one individual then onto the next or the giving of home loans.

Encouragingly, the vast majority of the BPF’s recommendations for reform appeared in the published Green Paper at the same time it presented some new areas of concern. Around the tariff, the Government effectively presented the worst of both worlds to anyone contemplating investing in the development of our towns and cities.

Following meetings with Department and Treasury officials, the Federation put forward a submission, developed through the BPF’s Planning and Environment Committee, which detailed twenty practical recommendations for planning reform that would support the delivery of an efficient and fair system for all. BPF stressed that it was not for CABE or English Heritage to seek to second-guess developers in terms of the commercial viability of schemes.

In its submission to the relevant House of Commons Select Committee, the BPF suggested that properly designed and located tall buildings could significantly benefit society.

Then it was the Government’s turn to start determining its policy on tall buildings. On the strength of that submission, the BPF was called to submit further oral evidence to the House of Commons Select Committee Inquiry in determining national policy on tall buildings. Hugely important to property, the Government’s main aim in submitting proposals to revise PPG13 was to curtail car accessibility through the land use planning system.


Despite a bad start, in the end the dialogue between the European Institutions and the European property industry worked well.Property conveyancing process is helpful for making the transfer of properties title exchange and this will be performed from one person to another.

Crucially, the Commission abandoned its plans to empower environmental groups to clean up private land through court order and present the owner with the bill. Such groups will have the right to submit observations to the competent authority request action have the request considered and receive an answer.

The Commission Proposal of January 2002 reflected the line taken by EPF for years by its Planning & Environment Committee under the chairmanship of Aart Hordijk. The focus is now on today’s pollution by the industrial operator, not on historical pollution.

By the start of 2001, EPF had persuaded the Commission that any transition which enabled new Member States to retain restrictions on property investment would be a major injury to the coherence of the Internal Market, not just for the property industry, but for banking and insurance as well. Which already in themselves comprise a significant proportion of commercial property investment, the Polish authorities would have had no difficulty in extending the restriction to shopping centres themselves, as modern shopping centres all comprise major and increasing leisure areas and activities, central to shopping centre marketing strategy.

In the autumn of 2001, Poland tried for a seven year transition for property investment in recreational areas. EPF explained the true extent and gravity of any such concession. i.e. real estate projects combining offices with one or other aspect of recreational space, a very common phenomenon.