Tag Archives: mortgage rates

What has been the impact of covid-19 on the property industry ?

Impact of COVID-19 on the property industry

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…

Banks may extend mortgage breaks to six months – BPFI

The country’s five retail banks may extend loan repayment breaks to help homeowners cope with the impact of the coronavirus to six months from the three months currently in place, the head of their representative body has said. The banks agreed the measure in the middle of last month and had granted or were close…