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 [...]
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 [...]
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 [...]
INTEREST rates look to be on the way down after the European Central Bank (ECB) yesterday paved the way for the first cuts in nearly five years.
As it dropped its previous threat to raise rates to combat inflation, some analysts said borrowers could benefit from a cut as soon as April.
The ECB left rates unchanged [...]
HOUSE prices plummeted by more than 7pc last year — wiping €24,000 off the value of the average house.
New figures published yesterday reveal the average price of a house nationally has now fallen to around €288,000.
And economists last night warned that house prices would experience an annual drop [...]
Almost 500 families and business owners are facing repossession of their homes and commercial premises.
Figures obtained by the Irish Independent reveal that the number of repossession summonses issued in the High Court has more than trebled in three years as borrowers get into financial difficulties and can no longer meet their mortgage repayments.
News of the [...]
ECB under pressure to give homeowners an April boost
Homeowners are poised to benefit from the first cuts in interest rates for four-and-a-half years, as a direct result of global stock market turmoil.
The European Central Bank (ECB) is expected to begin cutting rates as soon as April, following the dramatic 0.75pc slash in [...]
