rating's agency Archives - MyHome.ie Advice & Blog

Standard and Poor's see no signs of property bubble emerging in Ireland

Global ratings agency Standard and Poor's has said that Irish house prices will recover and saw no sign of property bubble emerging. It has forecast that Irish house prices to increase by 4pc this year, with a shortage of supply in urban areas exerting upward…

Irish property market tipped to stabilise next year

General, Home, Mortgages & Money, Property News, The First Time Buyer, The Investor, The Overseas Investor, The Renter, The Seller

The Irish property market will continue to stabilise next year before picking up slightly in 2015, according to ratings agency Standard and Poors. In a report on the European housing market S&P says there's "anecdotal" evidence that Dublin is experiencing stock shortages, and that…

Rise in repossession predicted in Ireland by ratings agency Fitch

General, Home, Mortgages & Money, Property News

Fitch Ratings expects the number of repossessions to rise in Ireland following the enactment of the Land and Conveyancing Law Reform Act. However, it adds that the Act will also create “incentives for lenders and borrowers to agree longer-term alternative repayment arrangements”. These arrangements will likely…

Irish banks urged to set aside more money to cover bad loans

Mortgages & Money

Credit ratings agency Moody’s have warned that Irish banks will need to set aside much more money to cover potentially bad loans. The same warning was issued to lenders in Spain, Italy and Britain. In their global banking outlook for 2013, released today, Moody’s said:…

Property prices may fall further, insist Fitch

General, Home, Industry News, Mortgages & Money, Property News

Fitch Ratings insist that property prices here may fall by an additional 20%. Since 2007, the average house price in Ireland has fallen by around 50% but according to Fitch there could be some way yet to go before the property market begins to fully…

Mortgage defaults on the rise

Mortgages & Money

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…

Moody's expect debt forgiveness for unsustainable mortgages

Home, Mortgages & Money, Property News

International ratings agency Moody’s expects debt forgiveness to become the normal way to deal with unsustainable mortgage debt in Ireland. In a note issued yesterday, Moody’s said that once all other avenues were exhausted lenders would be left with little choice but to offer debt…

Central Bank expects 'upward trend' in mortgage arrears

Mortgages & Money, Property News

The Central Bank has warned that it expects an “upward trend” on mortgage arrears. The warning came from the bank’s head of consumer protection, who was speaking at an Irish Banking Federation event in Dublin this morning. Meanwhile, Allied Irish Bank has said that just…