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Recent News

Recent News

Council  approves plans for  factory-built houses to tackle homelessness crisis in city   The council’s housing committee has approved plans...

Council  approves plans for  factory-built houses to tackle homelessness crisis in city   The council’s housing committee has approved plans for factory-built homes in Dublin to end the use of emergency B&B and hotel accommodation for homeless families. More than 600 families, including 1,275 children, are currently living in emergency accommodation. Mr Brady said the council […]

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Republic of Ireland The month of July saw 227 property increases, with an average price increase of €37,710, and...

Republic of Ireland The month of July saw 227 property increases, with an average price increase of €37,710, and 1,186 decreases with an average decrease of €25,935, bringing the national average price to €226,278. Summary Overall price sum: €8,623,004,855 Number of properties for sale: 38,108 Average property price: €226,278 Overall increases sum: €8,560,260 Number of […]

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Another strong auction sale was reported last week from the Mitchelstown branch of CCM Property Network, of a farm...

Another strong auction sale was reported last week from the Mitchelstown branch of CCM Property Network, of a farm at Kilfeacle, near Tipperary Town. The auction took place at Tipperary Mart on Tuesday, February 17, with the property offered jointly with Michael O’Donovan of Tipperary Mart. Two lots were on offer from a 45-acre residential […]

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The limits will make it more difficult to get home-loan approval for those in the Dublin area and Cork...

The limits will make it more difficult to get home-loan approval for those in the Dublin area and Cork city, where property prices are far higher than the rest of the country. The new rules stipulate that borrowings by first-time buyers up to €220,000 will be approved with a deposit of as little as 10pc. […]

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Ulster Bank has told the Central Bank that borrowers should be required to have a deposit of just 10...

Ulster Bank has told the Central Bank that borrowers should be required to have a deposit of just 10 per cent if looking for a mortgage of up to €500,000, in a submission to the regulator about proposed new limits on lending. Bank of Ireland, meanwhile, has urged the regulator to retain the current informal […]

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‘The price of an average three bed semi in Co.Tipperary has risen by 5.39% to the end of September...

‘The price of an average three bed semi in Co.Tipperary has risen by 5.39% to the end of September this year, according to a national survey carried out by Real Estate Alliance. The price of an average 3 bed semi in the county is now €118,750, an increase of 2.06%, in the last three months, […]

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“The majority of home-buyers will in future have to put down a 20% deposit and be able to borrow...

“The majority of home-buyers will in future have to put down a 20% deposit and be able to borrow a maximum of 3.5 times their salary, according to new rules by the Central Bank. The new macro-prudential rules are aimed at preventing another housing bubble from wreaking havoc across the economy. From January next year, […]

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The Institute of Professional Auctioneers & Valuers (IPAV) has called for the 20 per cent deposit rule for home...

The Institute of Professional Auctioneers & Valuers (IPAV) has called for the 20 per cent deposit rule for home buyers introduced by the Central Bank to reduced to 10 per cent. The organisation’s chief executive, Pat Davitt, said if the requirement remains at 20 per cent it will put home buying out of the reach […]

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Last week the ECB cut interest rates to an unprecedented 0.05pc. This compares to a high of 4.25pc in...

Last week the ECB cut interest rates to an unprecedented 0.05pc. This compares to a high of 4.25pc in July 2008. A consumer study from business body IBEC reveals the true extent of the massive savings enjoyed by tracker mortgage holders recently. The monthly cost of an average tracker mortgage taken out in 2007 has […]

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A landmark Georgian building at the corner of Merrion Square and Clare Street in Dublin 2, sold at the...

A landmark Georgian building at the corner of Merrion Square and Clare Street in Dublin 2, sold at the depths of the property crash three years ago at a knockdown price and since largely restored to its original condition, is set to recover much of its original value when it goes on sale this week […]

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Head of the Irish Brokers Association Ciaran Phelan said lenders should not abuse the situation where there is little...

Head of the Irish Brokers Association Ciaran Phelan said lenders should not abuse the situation where there is little competition in the banking market. He said banks should reduce mortgage rates for first-time buyers and for existing mortgage holders on high variable rates. Around 200,000 existing mortgage holders are variable rates averaging 4.5pc. This is […]

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First-time buyers are being stung with rates that are 0.5pc higher than other countries 
using the euro, new figures...

First-time buyers are being stung with rates that are 0.5pc higher than other countries 
using the euro, new figures from the Central Bank show. This means a homeowner in Ireland with a €200,000 mortgage will pay about €600 a year more than in other countries….  A lack of competition in the Irish market is has […]

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Ireland’s commercial property sector is set to grow significantly this year, with the equivalent of more than half of...

Ireland’s commercial property sector is set to grow significantly this year, with the equivalent of more than half of 2013’s total investment having already been spent in the first quarter of this year.   According to fresh data from leading commercial property consultants, CBRE Ireland, the first three months of 2014 saw a total of […]

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  Property prices are bouncing back across pockets of the country – with price rises in some areas now...

  Property prices are bouncing back across pockets of the country – with price rises in some areas now dwarfing the upswings seen in the boom.     The price of properties in sought-after parts of Dublin has increased by as much as 58 per cent in as little as six months, an analysis by […]

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