Month: December 2012

Property tax legislation is passed by Dáil and Seanad

Property tax legislation is passed by Dáil and Seanad

Legislation that paves the way for a Local Property Tax has been passed by the Dáil and Seanad. The final vote on the tax was approved by the Seanad by a margin of 33 votes to 16. Finance Minister Michael Noonan said this Bill had…
Mortgage defaults on the rise

Mortgage defaults on the rise

The number of Irish mortgages in default continues to rise, according to the latest analysis of statistics by ratings agency Moody’s. The performance of the Irish prime residential mortgage-backed securities (RMBS) market “steadily worsened” during the three months to October 2012, according to Moody’s. From…
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