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July saw a 22pc rise in the number of new buyers borrowing compared with last year Last month, banks approved a total of 4,747 mortgages 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 -
A total of 13,378 houses were sold between April and June. Photo: Aidan Crawley 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 -
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, -
The ECB is to hike rates for the ninth time which will mean some mortgage customers will have to pay thousands of euro more a year. Photo: Alamy/PA 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 -
Easing of mortgage borrowing rules for first-time buyers and ongoing Government supports are underpinning prices, says report 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, according to MyHome.ie. Photograph: Cyril Byrne 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, -
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
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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
