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…
Tag Archives: housing market
Residential development commencements jumped 40% last year compared with 2020, and were 19% higher than pre-pandemic levels in 2019 – according to new figures from Deloitte Ireland. The data shows that commencement notices were lodged on 24,304 units last year, in residential schemes of more than 20 units. However, Deloitte estimates that around 6,000 units…
The cost of living and the price of housing are the key issues facing the economy and people’s personal finances, according to a survey by Permanent TSB (PTSB). PTSB published the latest edition of its Reflecting Ireland research series on Friday. The series polls public attitudes each quarter and includes recurring questions about how people…
New analysis shows that the country’s stock of houses available for sale is now at the lowest level on record. The analysis from Sherry FitzGerald shows there were only 14,400 second-hand properties listed for sale nationwide in January. The estate agents said this represents a 6.7% fall over the past twelve months, with over 1,000…
The Irish League of Credit Unions has called on the Minister with Responsibility for Credit Unions, Sean Fleming, to make the necessary regulatory changes to enable credit unions to significantly increase their footprint in the mortgage market. In a statement, the Irish League of Credit Unions said credit unions would like to be in a…
Land deals to the value of €648 million were transacted in 2021, representing growth of 11% on the previous year, a report from property consultants Savills Ireland concluded. Demand for land in prime areas with planning permission in place was described as ‘very strong’, attracting significant bids. Sites without permission have also been performing well,…
Rents nationally rose at an annual rate of just over 10% in the last three months of last year, according to listed rent prices compiled by the property website Daft.ie. On a quarterly basis, rents rose in the Dublin area by just over 4% compared to just 0.5% in Munster. This is a reversal of…
The latest report by the Banking and Federation Ireland shows a direct relationship between consumer spending and mortgage approvals. Impact of lockdown restrictions In May of last year, the housing market experienced an upward trend shown by a rise in mortgage approvals. This was before the onset of the pandemic. However, when Covid-19 restrictions were…
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…
New figures from the Central Statistics Office show that residential property prices increased by 1% nationally in the year to March. The CSO said this compares with an increase of 1% in the year to February and an increase of 3.8% the same time last year. Today’s figures lag a coronavirus-related collapse in housing transactions….
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