Monthly Archives: October 2014

Mortgage limits should be phased in, expert warns

This is because a sudden jump from a requirement of a deposit of 10pc to a 20pc one could be very disruptive and unfair to those who are close to getting a 10pc deposit together, consumer advocate Brendan Burgess said … Continue reading

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Mortgage clampdown proposals will have serious knock-on effects

On the face of it, the Central Bank’s recent proposals to limit lending to borrowers are probably not a bad thing. If it can help prevent bonus-driven lending and feckless borrowing, then well and good. The measures, admitted by their … Continue reading

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House prices rocket by as much as 30pc in rural areas

Many counties saw price hikes of more than 20pc for these family homes as the rest of the country belatedly springs back from years of stagnation. In Cavan, the price increase was a startling 30pc. Thousands of families are now … Continue reading

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New mortgage rules mean most buyers to need 20% deposit

New mortgage rules published today by the Central Bank mean that most house buyers will have to have a 20 per cent deposit when applying for a home loan. The regulations come into force on January 1st. The bank is proposing that … Continue reading

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Survey highlights growth in asking prices for houses in Dublin

A survey by property website Daft shows the sellers’ market in Dublin continues, with asking prices in the third quarter of the year coming in at a quarter higher than the same period last year. A similar picture has been painted … Continue reading

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House prices in capital now spiralling at faster rate than NY and London

Analysts have called for a clamp down on a new mortgage lending spree by Ireland’s banks who are offering up to five times income – a rate experts say is now helping to drive property prices to unsustainable levels. A … Continue reading

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House prices up 15% nationally, 25% in Dublin

House prices have risen by nearly 15% in the past year, according to the latest figures from the Central Statistics Office. The Residential Property Price Index for August shows while prices grew nationally by 14.9%, in Dublin property prices have … Continue reading

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