Demand for new-build homes jumped 114% in May when compared to the same month last year, according to new figures from property listings website Daft.ie. When all homes were taken into account, the data shows that demand nationwide was 17% higher than it was 12 months ago. Demand for homes in Dublin saw the strongest…
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Recent figures from the Banking and Payments Federation Ireland (BPFI) and the Central Bank, show a surprising downward shift in mortgage rates. A slow down in switching, however, also resulted in a decline in the amount of new mortgages issued. Ireland still has one of the cheapest mortgage rates in the eurozone and an encouraging…
The Government has approved a 5% pay increase for more than 1,600 supervisors and team leaders of employment support schemes. The pay deal will benefit employees of organisations that manage Community Employment Schemes, Tús, the Rural Social Scheme and Job Initiative. The workers will see a pay increase of 3% from 1 April 2023, which…
Motorists can expect to see a jump in the cost of petrol and diesel from midnight tonight as cuts to Government excise charges begin to reverse. Petrol prices will rise by six cent per litre, while diesel will go up by five cent. Agricultural diesel will also go up a cent. In March last year,…
Home prices in the euro zone may be headed for a “disorderly” decline as high mortgage rates make purchases unaffordable for households and unattractive for investors, the European Central Bank said today. It was one of several risks flagged in the ECB’s Financial Stability Review (FSR) along with higher borrowing costs and slower growth hurting…
The European Central Bank has warned that the euro zone’s top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or otherwise ran into trouble. The ECB study looked into the risk of spillovers from so-called shadow banks – such as funds and other financial…
Bank lending to euro zone companies and households slowed again in April, continuing the steady decline since last autumn as the economy stagnated and rapid rate hikes dented demand for credit. This is according to the latest European Central Bank data today. Lending to businesses in the 20 nation currency bloc expanded by 4.6% year…
Engineering and construction related jobs are some of the hardest positions for employers to fill, according to a new report from hiring platform Indeed. The analysis looked at Irish job postings from 1 January to the end of April this year to determine which positions were most likely to remain open for over 60 days….
Demand for gas fell by 10% in April compared to the same month last year, according to the latest figures from Gas Networks Ireland. Gas demand was also down 14% in April compared to March as several sectors required less energy during the month. Gas accounted for 47% of electricity generation in Ireland in the…
The volume of annual retail sales rose sharply again last month due to another surge in car sales, jumping 7.5% on an annual basis, new figures from the Central Statistics Office show today. The volume of retail sales rose by 2.8% in the month The CSO said that when the increase in motor trades was…