Housing undersupply to have ‘severe’ long-term consequences

Posted on 25 July 2018

The housing crisis, if left unresolved, will have severe macroeconomic consequences in a number of fields over the longer term, the Parliamentary Budget Office (PBO) has warned. The PBO was established last year in response to an OECD report suggesting budget scrutiny here was underdeveloped with the Cabinet exercising too much control. In its latest […]

Expert warns of another boom and bust in Irish house prices

Posted on 25 June 2018

ESRI research suggests State has most volatile property market in the world The current boom in property prices could trigger another housing bubble, even though it is not being fuelled by a boom in credit, a leading housing expert has warned. University College Dublin academic Michelle Norris said a feature of the current market had […]

Recovery of housing market not (yet) cause for concern – Moody’s

Posted on 29 May 2018

Growth forecast for Irish economy upgraded to 5% but house prices ‘warrant close monitoring’ Moody’s has raised its growth forecast for the Irish economy to 5 per cent for 2018, driven by recovering private consumption and residential investment. However, the ratings agency also warned that Ireland’s debt vulnerabilities “remain significantly higher” than many of its […]

Irish construction activity accelerates to three-month high

Posted on 23 May 2018

Activity in the Republic’s construction sector accelerated to a three-month high in April as firms reported greater output and faster growth in new orders, according to Ulster Bank’s latest construction purchasing managers’ index (PMI). The sector is benefiting from a pick-up in housebuilding in urban areas, including Kilkenny, where demand for homes outstrips supply, and […]

‘Entire generation’ risks being priced out as property cost continues to surge

Posted on 15 May 2018

Property prices continue to soar at double-digit percentage rates, rising at an even faster pace in March than in the previous month. Prices outside of Dublin are also continuing to increase at a higher rate than in the capital. Property prices at national level increased by 12.7pc in the year to March, according to the […]

I’m a long-term tenant and want to renew my tenancy. Can I?

Posted on 18 April 2018

I’ve been living in a rental property for more than 7½ years. During this time there have never been any issues and I’ve had a good relationship with the letting agent who manages the property. I’m coming to the end of my second Part 4 tenancy agreement this summer, but would like to stay on […]

Donohoe indicates minimal change to property tax

Posted on 16 April 2018

Any increases will be ‘moderate and affordable’ despite rise in property values Minister for Finance Paschal Donohoe has given the strongest indication to date that there will be minimal alterations to the property tax when he reviews it at the end of this year. Speaking at the weekend, Mr Donohoe told reporters that any increase […]

PTSB adds fuel to mortgage war by slashing fixed rates for new business

Posted on 13 April 2018

Permanent TSB has reduced its rates on a number of its fixed rate mortgage products for new business. The changes, will apply to three-year and five-year fixed home loans, will come into effect on Monday, April 9. Eight products in total will see the rate reductions, which range from 0.10pc up to 0.15pc. Experts are […]