Buyers are being forced to pay more for homes despite a fall in transactions in the market over the last year. New figures based on the State’s Property Price Register show that the typical price of a home was up €28,000 in the second quarter of this year compared with the same period last year. The median, or typical, price is now €318,000, according to data technology company Geowox. This means sales prices were up […]
Sort It: Regardless of the budget, there will always be areas that will need to be scaled back Making your home renovation dreams come true can be a challenge, especially when your budget doesn’t quite align with your wishes. We all have that wishlist of improvements we would love to make, but sometimes reality forces us to make compromises. We all feel we could do more if we had more money, but the truth is, […]
Borrowers have been warned to brace themselves for a ninth rise in European Central Bank (ECB) rates. The latest imminent hike means 400,000 mortgage borrowers are exposed to a “ticking time bomb” of higher rates over the next two years. These are people on tracker rates, variables and those coming to the end of fixed rates. This year alone, more than 60,000 homeowners are due to come to the end of a fixed rate, which […]
Easing of mortgage borrowing rules for first-time buyers and ongoing Government supports are underpinning prices, says report Mon Jul 10 2023 – 05:00 Asking prices for Irish homes picked up in the three months to the end of June following three quarter-on-quarter declines in a row, as the market showed signs of stabilising even as interest rates continued to climb, according to MyHome.ie. The average asking price for a home increased by 4.3 per cent in […]
If you are struggling to understand any of the current Government schemes, or you are not sure which of these you can avail of, the link below is an excellent way of getting your head around the information. https://www.gov.ie/en/publication/5568b-housing-for-all-available-supports/ Housing for All – Available Supports, explains in detail how you can benefit from using these schemes to purchase your home. If you would like to have a chat about any of the schemes available, please […]
Two State schemes are proving to be a massive boon for home buyers. The Help-To-Buy refund and the shared-equity First Home Scheme are helping the squeezed middle who are caught paying sky-high rents to get their own homes. How first-time buyers are using a combination of two schemes to reduce what they have to borrow by up to €100,000 Share this video But there is criticism that the schemes are boosting the prices of new […]
Property industry says prices will continue to grow as higher interest rates send global markets into reverse The property industry here insists on Irish exceptionalism. Because of the mismatch between supply and demand, they insist the drag from higher interest rates won’t be enough to trigger a reversal in prices, like the ones we’re seeing in the UK, the United States, Canada, Australia, New Zealand (the list goes on). In other words, the pressure on […]
The level of mortgage drawdowns is now at its highest since the boomtime of the Celtic Tiger era. Close to 53,000 mortgages were drawn down last year, with a value of more than €14bn, according to the Banking and Payments Federation Ireland (BPFI). This is the highest number and value of mortgage drawdowns since 2008, the peak of the boom that ended in a property price crash. The number of new mortgages is up 21pc […]