THE European Central Bank announced another hike in its key interest rates in a move that will pile more pain on those with trackers and variable rates. The move is expected to hit those whose mortgages have been sold to vulture funds hardest as they are stuck on variable rates that are the highest in the country. The main refinancing rate of the European Central Bank (ECB), which is directly linked to the interest rate […]
House prices could fall 12pc by the end of the decade if the Government was to meet its housing target and build 35,000 homes a year. To achieve it would require more public money, higher numbers of foreign construction workers and more domestic workers moving from commercial to residential projects, a report by the Economic and Social Research Institute (ESRI) said. “The issue is we do need to increase and find these workers,” said ESRI […]