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Rents in Limerick buck the trend

first_imgFacebook Twitter WhatsApp Print Email Advertisementcenter_img Linkedin Previous articleAccident victims Paul and Jeffrey remembered in musicNext articleNews round up Monday September 6 admin NewsLocal NewsRents in Limerick buck the trendBy admin – September 6, 2010 557 RENTS in Limerick increased by 0.5% in July, in marked contrast to other parts of the country where they fell by between 1% and 3%, according to the latest report published by the property website Daft.ie. The average rent by Shannonside in the second quarter of 2010 was €700.Sign up for the weekly Limerick Post newsletter Sign Up One local auctioneer told the Limerick Post that the 0.5% increase could possibly be attributed to students hunting for suitable accommodation prior to the reopening of third level colleges.“I suppose it could be asked why Limerick has bucked the trend when there are big student populations in Dublin, Cork, Galway and Waterford.“Maybe there is a wider choice in those places making the market more competitive…I don’t know, really.“While there is a lot of purpose built units close to LIT, UL and Mary Immaculate, it has been noted that many students are opting to go it alone and renting houses and flats in nearby estates, which can work out cheaper than student apartment blocks.“What can be said is that landlords are now more conscious of their obligations and have upgraded their properties. Likewise, students have become very selective in their requirements”.The average asking rent in the country was just over €835 per month, down 5% on the same time last year.Commenting on the report, Ronan Lyons, Economist with Daft.ie said, “The year-on-year fall in rents is now at its slowest pace in two years, suggesting that the rental market may be close to stabilising. Nonetheless, the total stock of properties available to rent remains high, which means we are unlikely to see rents rising rapidly in the near future.”Rents in Munster fell by 1.1% between April and June, having been largely static in the first three months of the year.The average rent in Limerick city in the second quarter of 2010 was €700, while the average in the rest of the county was €650. This represents falls of €220 and €150 from their peaks in 2008.Even though there has been an upwards trend in Limerick prices, they are still considerably lower than in the Celtic Tiger years.This is the third year in a row that rents have been lower at national level than the previous year.Compared with 2007, a typical student renting a two-bedroom property could expect to save between €1,500 and €4,000 over the course of the academic year.The cost of accommodation for students still varies significantly around the country, with the average for a double room in Dublin city centre about twice the cost of renting in Athlone, Castlebar and Tralee.last_img read more

IOP announces fall fellows

first_imgThe Institute of Politics, located at the Harvard Kennedy School, announced the selection of an experienced group of individuals for resident and visiting fellowships this fall.Over the course of an academic semester, resident fellows interact with students, participate in the intellectual life of the Harvard community, and lead weekly study groups on a wide variety of issue areas. Visiting fellows join the institute for a shorter period and maximize their time meeting with students, faculty, and Harvard research center staff.“We are excited to welcome our fall fellows to Harvard,” said Trey Grayson, IOP director. “This accomplished group of practitioners with strong experience in governing, government relations, campaign strategy, journalism, and White House policy and political affairs is sure to captivate and inspire students and the University community.”The following resident fellows will join the institute for the fall semester:Christina Bellantoni, associate politics editor, Roll CallRon Christie, author and former special assistant to President George W. Bush and deputy assistant to Vice President Dick Cheney for domestic policy (2001-04)Tad Devine, Democratic political and media strategistLinda Moore Forbes, deputy assistant to President Bill Clinton and deputy political director, the White House (1993–2001); senior adviser to U.S. Sen. Evan Bayh (2001-11)Steve Grand, Republican political and media strategistDiane Casey-Landry, former chief operating officer and senior executive vice president, American Bankers Association; president and CEO of America’s Community Bankers (2000-07)In addition, Ed Rendell, a two-term Pennsylvania governor (2003-11), former Democratic National Committee general chairman (1999-2001­), and mayor of the city of Philadelphia (1992-99), will join the institute as a visiting fellow in early October.For more information.last_img read more

Reed Elsevier pension fund to merge with Dutch printing scheme PGB

first_imgThe €800m Dutch pension fund of publishing company Reed Elsevier (SPEO) is to liquidate itself and join PGB, the €20bn scheme for the printing industry, at year-end. In a letter to its participants, the board said it took the decision following a survey on its future, which concluded that continuing as an independent scheme would not be in its best interests.It said the number of active participants in the relatively small scheme was decreasing, which would lead to falling income from contributions while costs continued to rise.According to the pension fund, the employer agreed with its central works council (COR) to introduce a new pension plan that the scheme could not implement properly. The company, which declined to reply to questions about the details of its new scheme, has been pushing for individual defined contribution arrangements since 2013.The Stichting Pensioenfonds Elsevier-Ondernemingen has 1,700 active participants, as well as an equal number of pensioners.The scheme’s board and the employer have been at loggerheads over future pension arrangements for some time.The employer – recently re-named the Relx Group – had indicated for several years that it wanted to get rid of its Dutch pension fund.SPEO’s proposals to introduce collective defined contribution arrangements were rejected by the company, which argued that this would not fit witin its human resources policy.Funding at the Elsevier scheme, 97.1% at the end of July, is lower than PGB’s coverage, which stood at 103.1% at August-end.However, according to the board, the employer has promised to plug the funding gap at the end of this year.Filling the current difference in coverage would require an additional contribution of €50m.The pension fund said it refrained from placing its pension plan with an insurer, “as this would be too expensive”. It added that it had also been in merger talks with another industry-wide scheme.However, it declined to reveal the pension fund’s name.last_img read more

LIVE: Liverpool 2 Tottenham Spurs 0

first_imgLiverpool’s own centre forward Roberto Firmino also made it into Jurgen Klopp’s starting line-up at the Wanda Metropolitano.Firmino had missed Liverpool’s last three games with a groin injury, with Mohamed Salah and Sadio Mane completing the front three.James Milner dropped to the bench, as Klopp picked a midfield trio of Jordan Henderson, Fabinho and Georginio Wijnaldum, who scored twice in Liverpool’s stunning semi-final fightback against Barcelona.Starting line-ups for the Champions League final between Liverpool and Tottenham at the Wanda Metropolitano on Saturday (kick-off 1900 GMT):Liverpool (4-3-3)Alisson Becker; Trent Alexander-Arnold, Joel Matip, Virgil van Dijk, Andrew Robertson; Jordan Henderson (capt), Fabinho, Georginio Wijnaldum; Mohamed Salah, Roberto Firmino, Sadio ManeCoach: Jurgen Klopp (GER)Tottenham (4-2-3-1)Hugo Lloris (capt); Kieran Trippier, Toby Alderweireld, Jan Vertonghen, Danny Rose; Harry Winks, Moussa Sissoko; Dele Alli, Christian Eriksen, Son Heung-min; Harry KaneCoach: Mauricio Pochettino (ARG)Referee: Damir Skomina (SLO)Share on: WhatsApp Liverpool’s Egyptian forward Mohamed Salah (R) celebrates with Liverpool’s English midfielder Jordan Henderson after scoring the opening goal during the UEFA Champions League final. AFP PHOTOSalah penalty gives Liverpool half-time lead in Champions League finalFT : Liverpool 2 Spurs 0Madrid, Spain | AFP |  Mohamed Salah’s early penalty gave Liverpool a 1-0 lead against Tottenham at half-time in Saturday’s all-English Champions League final in Madrid.The Egyptian scored the second quickest goal in Champions League final history as he converted from the spot after just one minute and 48 seconds following a handball by Moussa Sissoko.Italy great Paolo Maldini holds the record for the fastest goal after he scored with just 50 seconds gone in the 2005 final against Liverpool. Kane starts for Tottenham in Champions League finalHarry Kane returned from almost two months out with injury to start for Tottenham in the Champions League final against Liverpool on Saturday.Kane has not played since damaging ankle ligaments in the first leg of the quarter-finals against Manchester City on April 9 but gave Spurs a major boost by being passed fit in Madrid.Coach Mauricio Pochettino dropped Lucas Moura to make room for Kane, despite Moura scoring an incredible hat-trick as Tottenham came back to knock out Ajax in the semis.Dele Alli, Christian Eriksen and Son Heung-min were selected behind Kane in attacking midfield.last_img read more