Home buyers borrowing more as property prices continue to rise
Ever increasing property prices are forcing buyers to borrow more, new figures have revealed. The data from the Banking and Payments Federation shows both a…
lending
Lending for house purchases up by €27 million in final quarter of 2016
Lending for house purchases increased by €27 million over the final quarter of 2016, the first net increase since the end of 2009. The figures…
Majority of voters want to see review of Central Bank lending rules
A Newstalk/Red C poll released today has found that a majority of Irish voters want to see a review of Central Bank rules. 77% of…
Irish mortgage market branded “dysfunctional”
Ireland’s mortgage market is “dysfunctional” and is preventing demand for home purchases from being met, a mortgage expert said on Monday. Michael Dowling, chairman of…
Mortgage approvals and drawdowns decline for the first time in two years
Central Bank rules capping mortgage lending at 80 per cent of the value of a home, and 90 per cent in the case of first-time…
Davy expects house prices to rise by 9.4% this year
House prices in Ireland will rise by 9.4 per cent this year and by 5.2 per cent in 2016, according to a new forecast by…
Savills launch new video to coincide with market outlook report
Estate agents Savills have launched a new video to coincide with the launch of their Residential Property Market Outlook 2015 report. In the video the…
Fears that non-first time buyers could become trapped in their homes because of new mortgage rules
Fears have been expressed that the new Central Bank rules on mortgage lending will prevent many non-first time buyers upgrading their homes. Speaking yesterday, Fianna…
ESRI insists current property market conditions do not justify Central Bank’s proposal for 20% deposit
The Economic and Social Research Institute has said current conditions in the property market do not justify the introduction of a fixed higher deposit and lower…
First-time buyers borrowing an average of €162,000
First-time buyers are now borrowing an average of €162,000 as mortgage lending hits its highest level in four years. Banks here issued just over 4,800…