Articles Written By: Paul Murgatroyd

This author has written 8 articles
Is the Bottom in Sight?

Is the Bottom in Sight?

Is the bottom in sight?The MyHome.ie Property Barometer results for the first quarter of the year revealed an easing in the rate of decline in asking prices for the second consecutive quarter. In addition, statistics from MyHome.ie show that during the same period both market activity and the volume of properties going “Sale Agreed” increased significantly compared to a year ago.

As Aesop said, “one swallow does not make a summer”, but given the supporting evidence and the fact that the rate of decrease in asking prices continues to ease, is there a trend now shifting towards a period of price stabilisation in the market sometime later in 2010? Or is it too early to be definitive? When will the market bottom?…

Property Barometer: Outlook for the market in 2010?

Property Barometer: Outlook for the market in 2010?

MyHome Property Barometer Q4 2009

The Latest MyHome.ie Property Barometer shows that in 2009 asking prices fell by 14.6% nationally and by 18% in Dublin. This year I do not expect asking prices to fall to the same extent and believe that overall 2010 will prove to be a better year for the market compared to last, although asking prices will still be down 10% on …

Has the Minister done enough to entice you to buy?

Has the Minister done enough to entice you to buy?

Has the minister done enough to entice you to buy?The news that the Mortgage Interest Relief scheme is to be extended for qualifying loans until 2017 is good for both existing home owners whose relief is due to expire and for new purchasers who will still be able to obtain mortgage interest relief for qualifying loans. The real benefit of this extension will be seen …

The future of property prices: Are we at the bottom?

The future of property prices: Are we at the bottom?

The future of property prices: Are we at the bottom?

In the recent MyHome.ie Autumn Property Survey participants were asked to give their view on the future direction of price movements in the residential market over the next twelve months.

  • 13% expected prices to increase slightly
  • 18% of respondents expected prices to remain static at current levels
  • 25% expected prices to fall by between 1% to 5% …
Let the free market determine who buys what and where?

Let the free market determine who buys what and where?

Let the free market determine who buys what and where?The recent survey of first time buyers conducted by MyHome.ie showed that 48% had received a loan approval, a further 31% were actively seeking a loan approval and 58% of those surveyed intended buying within the next twelve months indicating an underlying demand for housing yet to be satisfied.

But one third of first time buyers …

Potential window  in the market for first timers to purchase?

Potential window in the market for first timers to purchase?

Potential window  in the market for first timers to purchase?Affordability continues to improve for first time buyers in the residential market the latest edition of the EBS/DKM Affordability Index shows. By the end of this year mortgage repayments, as a percentage of disposable income, will have fallen by 43%.

Only 13% of a first time buyer couples’ disposable income is required to …

Refinancing your way out of negative equity

Refinancing your way out of negative equity

Refinancing your way out of negative equity

Refinancing your way out of negative equity – The return of the 125% LTV Mortgage. In order to have some form of normally functioning property market, people have to be able to trade their homes. The residential property market relies on this to function correctly, both to free up starter homes for new first time buyers coming …

The Extent of Price Falls in the Residential Market

The Extent of Price Falls in the Residential Market

The Extent of Price Falls in the Residential MarketShould a database of all Sales Prices be made available to the public? Or should such information remain private to the persons involved in the transaction?

The latest findings of the MyHome.ie Property Barometer show that nationally, asking prices have fallen 22% since the peak of the market yet plenty of sketchy evidence exists showing that actual sales …