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 […]

Cash buyers lead the charge as Ireland’s property woes continue

Posted on 4 April 2018

n an era of tightly controlled mortgage lending, weakened banks and sluggish wage growth, how is it that we have double-digit, turbo-charged house price growth? The simple answer: cash buyers. Cash investors have ploughed into the property market since the low point in 2011-2012, correctly assuming that prices wouldn’t stay on the floor forever, not […]

Property prices rise by 12.5% over last 12 months

Posted on 20 March 2018

House price growth remains strong, with the latest official figures showing a 12.5 per cent average increase over the past 12 months. In some areas, prices rose by more than 17 per cent. The fresh data from the Central Statistics Office (CSO), covering the year to the end of January, shows that prices increased at […]

Soaring rents see 75 first-time buyers get mortgage approval daily in January

Posted on 6 March 2018

Mortgage approvals rose by 12 per cent in January, as rising rents saw a surge in first-time buyers looking to get a rung on the property ladder. However, the data also shows a slowdown from the growth rate highs of last May/June. Figures published on Tuesday by the Banking and Payments Federation show that in […]