More than four out of every five builders across the country expect the prices they charge for projects will rise in the first three months of the year when compared to the same period last year, a new survey of the industry has revealed. 99% reported a year-on-year increase in the cost of raw materials,…
Tag Archives: homeowners
Home ownership among adults of prime working age has “collapsed” since the financial crisis, according to a report from the Parliamentary Budget Office. Using an international housing affordability survey, the Parliamentary Budget Office concludes the cost of housing here is “severely unaffordable”. The report says this is partly due to “rising rents” and “surging house…
The poverty risk of households that are in receipt of housing subsidies is two and a half times greater after they have paid their rent, according to an analysis by the think tank Social Justice Ireland. In its report ‘Housing and Poverty 2022’, the group concludes that the practice of using housing subsidies to support…
Asking prices for property rose by almost 10% in 2021, according to an analysis by the property listings website, myhome.ie. Asking price inflation came in at 7.4% in the capital, but at 10.6% elsewhere around the country. Quarterly prices also rose by 1.3% nationally in the final three months of the year with Dublin asking…
Property prices in October rose by 13.5% on an annual basis to mark the fastest annual pace of growth in over six years, according to the latest figures from the Central Statistics Office. This is an increase on the 12.5% rate recorded in September. Today’s figures show that prices in Dublin rose by 12.3% while…
Over 40% of first time buyers used gifts as part of their deposit in the first half of this year, according to new figures from Banking and Payments Federation Ireland (BPFI). The latest housing market monitor shows that the median deposit for first time buyers was over €52,000 during that period. Meanwhile, the median deposit…
Just over a quarter of first-time buyers of homes were aged 30 or under last year, according to an analysis of data carried out by the Banking and Payments Federation. That represents a halving of the proportion in 2004 when six in ten people taking out mortgages for the first time were in that age…
House sale prices fell by an average of 3.3% in the year to June, according to the latest Daft.ie Housing Market Report. Daft.ie’s new monthly report looks at the health of both the sale and rental markets, with figures showing a 0.2% rise in rents nationwide in the year to June this year. The report reveals…
The country’s five retail banks are likely to extend a six-month break on loan repayments so that they can help homeowners cope with financial difficulty caused by the coronavirus. This will be a shift from a three-month mortgage break that borrowers had been given by the banks before the COVID-19 impact. According to the Banking…
The number of property transactions slowed dramatically in April, according to the latest figures from the Central Statistics Office. House prices also fell last month but are marginally ahead of where they were a year ago, the CSO figures show. The CSO’s Residential Property Price Index shows that house prices nationally were 0.5% higher in…