Monthly Archives: August 2014

Average first-time buyer gets €162,000 mortgage

There has been a strong rise in the number of new mortgages issued by banks, as the housing market edges back to normality. Banks said they issued just over 4,800 new mortgages in the second three months of this year. … Continue reading

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Young people looking to buy put pressure on property prices

Young people no longer content to rent are putting upward pressure on property prices, a study by the Economic and Social Research Institute has found. Since the property crash in 2007, falling rents had seen young people establishing independent households … Continue reading

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Property shortage to last for four more years – bank boss

  The massive shortage of family homes in Dublin is being blamed for a surge in asking prices, with the cost of buying a house in the capital rising about 25pc over the past year. The warning from AIB chief executive David … Continue reading

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Building blitz needed to meet demand for housing

A new study of the housing market says we require 90,000 new homes over the next seven years – but 86pc of them should be within the Dublin commuter belt. The skewed nature of the market means that while a … Continue reading

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Property prices soar 12.5pc in June

They were up by 12.5pc in June across the country when compared with the same month a year earlier, figures out this morning from the Central Statistics Office show. In Dublin, prices jumped by 24.4pc over the past year. Apartment prices rose by … Continue reading

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Dublin house prices rising €6,600 a month

House prices in Dublin have soared by more than €6,600 a month since the start of April, according to a study, as CSO figures show prices to be 24.4% dearer than a year ago. Analysts blame lack of supply for … Continue reading

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