Monthly Archives: November 2013

Property transactions and mortgage drawdowns up, banks say

The Irish Banking Federation reports there hs been an increase in the number of houses for sale and the number of transactions and mortgage drawdowns in the past year. There was a 30% increase in the number of properties for … Continue reading

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Mortgage hunters hit by rising house prices

RISING property prices means it is getting more difficult to afford a mortgage in Dublin. More than a fifth of the disposable income of a first-time buyer couple each month goes on paying down the loan on their house, and that’s … Continue reading

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Construction growth rate at eight-year high

THE beleaguered construction industry is feeling the impact of a more positive economic environment with recovery having gathered pace in October, according to a new survey. The Ulster Bank Construction Purchasing Managers’ Index (PMI) showed the rate of growth in the sector … Continue reading

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Latest ‘property bubble’ is an opportunity in disguise

One of the most hilarious images in the history of cartoons is the one of a terrified elephant standing on a three-legged stool in a kitchen and shrieking while pointing at a mouse. Last week, a proverbial mouse did run … Continue reading

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