peak Archives - MyHome.ie Advice & Blog

Permanent TSB say mortgage arrears are below the peak

In a trading statement ahead of its annual shareholder meeting today, Permanent TSB says total mortgage arrears are now 10% below peak levels hit last year. The number of mortgage approvals is up 80% so far this year compared to the same period last year,…

Commercial property at the bottom of a deep cycle, according to Goodbody

Commercial Blog, General, Home, Property News, The Investor, The Overseas Investor

Commercial property prices have fallen by 67% since their peak and are now at the bottom of a deep cycle, according to Goodbody Stockbrokers. A new report from the firm claims that commercial property prices are 25% lower than 1983 levels in real terms and…

Mortgage arrears problem to peak next year, insist Goodbody's

General, Home, Mortgages & Money, Property News, The Investor

Goodbody Stockbrokers has predicted that the mortgage arrears problem for homeowners will peak next year. A new report from the Ballsbridge-based stockbrokers also revealed that it could be another three years before the numbers in arrears on their home loans begin to drop. They also…

Number of mortgage top ups falls by 97% since peak

Home, Mortgages & Money, Property News

New research from the Central Bank has shown that the number of mortgage top-up loans for equity release has fallen by 97 per cent since the peak of the property boom. The research showed that between 2005 and 2006, €5.5 billion of mortgage top-up loans…

A fifth of Irish mortgages will default, predicts ratings agency

Mortgages & Money, Property News

BORROWERS OWING a fifth of Irish mortgages are expected to default on their loans and house prices will fall by 60 per cent from the peak as the increase in the number of people falling into arrears is unlikely to slow in the near future,…

Dublin office block to sell for €32m off peak

Commercial Blog

A MODERN office building off Shelbourne Road in Ballsbridge, Dublin 4, sold at the peak of the property bubble in April 2006 for a highly-inflated value of €47 million, is about to change hands again for a mere €15 million. An international company with an…

Dublin house prices up in Q2, insist Sherry FitzGerald

Industry News, Mortgages & Money, Property News

The latest results from the Sherry FitzGerald property index reveal that Dublin house prices increased, albeit moderately, for the first time since prices began falling during the final quarter of 2006. According to Sherry FitzGerald, Dublin prices have fallen in real terms by 66.7% and…

Dublin homes selling at 70% less than peak price, insist Savills

General, Industry News, Mortgages & Money, Property News

Houses in prime locations in Dublin are changing hands at prices as much as 70% down from the peak in 2006/2007, according to estate agents Savills. Prime property transactions are closely watched by experts as they tend to provide an indicator of where the overall…

Property prices have halved since peak, insist rating agency

Mortgages & Money, Property News

Rating agency Standard & Poor's has said that residential property prices in Ireland have halved since their peak. In new research on the Irish mortgage market, it has warned that the correction may not yet be over. S&P said the surge in mortgage arrears in…

Bottom of housing market not yet reached, insist Davy's

Mortgages & Money, Property News, The First Time Buyer, The Investor, The Seller

The collapse in the Irish property market is not over with prices expected to fall by up to 70% from the house price bubble peak before they bottom out, according to a report from Davy Stockbrokers today. The analysts collated data from the two Allsop…