The private rental market is among the few areas of the commercial property sector to so far escape being negatively impacted by the threat of a hard Brexit and Covid-19. This is due, in part, to a continued shortage of supply. There has been an escalation in interest from both domestic and international investors in…
Europe’s economic recovery is being cut short as governments implement new restrictions to fight the coronavirus that risk driving the region toward another recession. The four biggest economies are going into various forms of lockdown, overshadowing data that showed a record surge in third-quarter output. A new slump is on the cards, governments are pumping…
The Covid-19 outbreak has brought about drastic changes to the day-to-day life in Ireland’s households- from healthcare, to work, and how we are spending our money. Having an in-depth understanding of how the virus has impacted our wallets, personal expenditure, and economic activity is crucial in maintaining financial stability. Carbon Tax increase kicks in today…
IRELAND is in line for €8bn of further borrowing support after the European Central Bank (ECB) signalled it would expand the Pandemic Emergency Purchase Programme (PEPP) in December. The predicted purchase of an additional €8bn in Irish Government debt next year is on top of the €10bn expected to be purchased by June next year…
Mortgage holders are leaving thousands of euro on the table by failing to switch home loan providers, according to new research by the Central Bank of Ireland (CBI). Three in five eligible mortgages could save more than €1,000 in the first year after switching to a cheaper lender and more than €10,000 over the remaining…
AIB said its performance in the third quarter was more resilient than it had expected with positive momentum reported on a quarterly basis. In a trading update for the three months to the end of September, AIB said it remained comfortable with its full year guidance. AIB said it granted about 66,000 payment breaks to…
Small and medium sized companies are generally showing signs of resilience in the current challenged trading environment, but there are concerns for particular sectors. That is according to a treasury specialist who works with businesses on managing capital, cash flow and currency moves among other things. John Finn, Managing Director of Treasury Solutions, said the…
Retail sales rose by 1.5 per cent in September boosted by car and DIY sales but several sectors, including bars, were still well behind pre-pandemic levels. The latest figures from the Central Statistics Office (CSO) also predate the introduction of Level 5 restrictions, which has resulted in the closure of all non-essential retail. This is…
Stocks tumbled in the US and Europe as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from the pandemic. The S&P 500 Index fell more than 2.5pc, headed for the biggest drop in seven weeks, amid a surge in Covid-19 hospitalisations, especially in the Midwest. Energy shares sank with oil…
The average disposable income of Irish households rose by nearly 30 per cent between the financial crisis and last year, according to the Central Statistics Office (CSO). The agency’s latest Survey on Income and Living Conditions shows the average after-tax income of households here stood at €53,118 in 2019. This is 28.3 per cent higher…