Real Estate Alliance
REA Agents welcome a new era of high quality valuations
REA, the national property group comprised of some of the country’s longest established estate agents, held their AGM in The River Court Hotel in Kilkenny, on Friday, 30th November Alliance has been calling for Irish valuation standards to match international criteria for years. According to the incoming Chairman, Michael Boyd, “the impending NAMA regime should result in the valuation process being put at the central of the credit assessment system.
Alliance agents also reflected on the market and report no significant decreases in prices in the last quarter which may indicate the market is finding a base. According to Patrick Riney, “We feel by the time NAMA starts, the market might be showing some confidence again. We believe there is a lot of pent-up demand but people are waiting for some positive signs before taking steps. Once the banks recommence lending to the property sector and transactions can happen, we feel the market will begin to stabilise. We look forward to something in the Budget to boost the property market. We recommend an abolition of stamp duty for residential transactions and a reduction of stamp duty to 2% for all commercial sales”.
NOTE TO EDITORS
Real Estate Alliance is a strategic marketing alliance comprising some of the country?s best-established auctioneers and estate agents. Our key focus is on locally-owned and established estate agents. With one quarter of the alliance?s firms in business for more than a century, and with an existing IAVI president & five IAVI past presidents among the group?s members, the alliance is characterised by the established strength of its membership. In addition, membership is only open to firms led by members of the Irish Auctioneers & Valuers Institute or the Society of Chartered Surveyors.
Clients of REA members benefit from:
Real Advice
- Because member firms are locally-rooted and independently owned, they have first-hand market knowledge that ensures clients make only the best-informed real estate decisions.
Real Commitment
- Member firms are well established, leading local businesses built on delivering the best results for their clients.
Real Service
- Our member firms have the detailed understanding of the local property issues facing clients to ensure that they provide a superior range of client services.
Real Professionalism
- As Ireland\'s highest-qualified property professionals, REA sales staff are members of the IAVI or the SCS, the representative bodies for Ireland\'s top property professionals.
Real Confidence
- IAVI members complete far more property transactions than any other professional group. Our member firms harness this transaction volume to seize opportunities and speed the transaction process for you.
Real Coverage
- With more than 400 professional staff in 40 offices located nationwide, our member firms can provide the best real estate advice locally and nationwide.
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