Rural dwellers expected to benefit from the extension, says Housing Minister Darragh O’Brien The state scheme that provides funding to help people to purchase their own homes is to be extended to those building their own homes. From this week, the First Home scheme is to be widened to include self-builders who are constructing their first home. The scheme was set up to help first-time buyers to bridge the gap between their mortgage, deposit and […]
Important Information Regarding Upcoming Affordable Housing Schemes *Update as of September 2023 Cork County Council will advertise, in due course, the respective Affordable Housing Schemes when they are set to become available. Schemes will be advertised publicly via the Council’s website, social media channels and via print media. Advertisements will direct interested parties to the appropriate website/online platform from where they will be able to access the respective documentation (application form, FAQs, eligibility criteria, income […]
July saw a 22pc rise in the number of new buyers borrowing compared with last year Rising numbers of first-time buyers are being approved for mortgages despite a sharp slowdown in the wider home-loan market. Latest figures from the banks show a 22pc rise in the number of new buyers getting the green light to borrow in July compared with last year. This is despite a surge in mortgage rates after a succession of European […]
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 […]