Property News
ECB Raises Interest Rates
Yep yet another increase. The European Central Bank has raised its key lending rate by a quarter-point to 4.25%.
Banks and building societies are expected to pass the rate increase on to mortgage holders in the weeks ahead.
The increase was flagged by the President of the European Central Bank last month and comes after heightened concerns [...]
Mortgage rip-off costs €3,000 a year
Thousands of homeowners are paying massively over the odds for their mortgages because the banks have failed to tell them of better deals on offer.
In some instances, people with variable rate mortgages are paying as much as €3,000 a year extra on a €300,000 loan.
But they could slash their repayments by switching to the alternative [...]
Investors Yield Good Returns from Buy-To-Let Properties
Softer house prices and rising rents saw improved rental income for new buy-to-let investments during the 12 months to the end of January.
The outlook also looks good. At the year end, rental yields rose above 4pc in a number of areas including south Dublin city, west Co Dublin and Limerick. The best yields of 4.3pc [...]
Irish housing stock for sale still rising
There have been anecdotal reports over recent weeks suggesting somewhat of an improvement in sales activity in the Irish housing market. These reports have primarily been associated with substantial price cuts on some developments.
One important indicator that we have been tracking over recent months is the stock currently for sale. While there is no official [...]
The Worst could be over for the Housing Market.
Although it is early days yet to be definitive on the end of the housing slump, there are tentative signs that the property market could be starting to pick up again. Yesterday’s new figures from the Irish Banking Federation surprised. The figures showed that there was [...]
Cuts in House Prices slowly luring Buyers
Slowly but surely, reductions in asking prices are beginning to tempt buyers back into the property market.
After a traumatic 12 months, there may be a chink of light at the end of the tunnel for people trying to sell their homes - but only if they are prepared to cut their prices to reflect the [...]
