The COVID-19 pandemic and its subsequent disruptions have led to more job losses and an erosion of income. This has led to a downswing in the property industry as the number of buyers has dropped significantly, property prices have become unstable, homeowners have become financially incapacitated, and consequently, have compelled Irish Banks to grant them…
Tag Archives: homeowners
Those looking to buy a house remain confident about their ability to do so, despite the interruption to the market as a result of Covid-19. That’s according to a new survey by property website MyHome.ie. It found that 68% of prospective buyers are still planning on purchasing a new property in the next year. Six…
Rents fell by 2.1% on average last month compared to March, reflecting the economic fallout from the Covid-19 pandemic. This represents the biggest monthly fall in rents since March 2009. The average monthly rent nationwide stood at €1,418 in the first quarter of 2020, the figures show. The latest Rental Report by Daft.ie also shows the number…
New figures from the Central Statistics Office show that a total of 4,986 new homes were completed in the first quarter of this year, an increase of 17.2% on the same time last year. Construction sites were closed in the latter half of March due to Covid-19 restrictions and so the impact on completions will…
New figures from Banking and Payments Federation Ireland show that a total of 8,728 new mortgages worth €1.996 billion were drawn down by borrowers during the first quarter of 2020. BPFI said this represents an increase 1.8% in volume and 6% in value on the corresponding first quarter of 2019. Today’s figures show a fall…
The price of agricultural land dropped by 6% last year, according to the latest review from the Society of Chartered Surveyors and Teagasc. The average price for an acre of land nationally was €8,823 in 2019, down from €9,346 in 2018. Munster recorded the biggest yearly fall in selling price at 9%, while selling prices…
New figures from the Central Statistics Office show that residential property prices increased by 1.1% nationally in the year to February. The CSO said this compares with an increase of 1.1% in the year to January and an increase of 4.3% the same time last year. Today’s figures lag a coronavirus-related collapse in housing transactions….