Search Results for 'Law and economics'
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Mayo County Council can and will terminate the contracts of landlords with whom they have entered into agreements under the Rental Accommodation Scheme, if the landlords fail to live up to their obligations to stop their tenants from engaging in antisocial behaviour.
“My Party has consistently argued that we need a 24-month moratorium from the time that mortgages first go into arrears, before repossession proceedings can be taken, where a borrower makes reasonable efforts to meet their obligations to pay the mortgage on a principal private residence,” stated Dáil Labour candidate Ann Phelan.
The amount of time involved in letting and managing a property can be underestimated, and while cost savings are at the forefront of everyone’s mind not using a reputable letting agent can in fact be cost detrimental.
Following on from a very successful April, Dee Gibney Properties are seeking new properties for rental in Kilkenny.
There is good news for mortgage holders from the Financial Regulator, according to Minister for Labour Affairs Dara Calleary.
Landlords and residential property investors are finding the rental market more challenging in recent months with rents in some locations falling by approximately 10 per cent. While this is bad news for landlords, it is good news for tenants. There is still good activity in the rental market with many would-be property purchasers staying in the rental market. However supply of rental property has increased as those vendors who cannot currently sell are deciding to rent as an alternative.
With the banking crisis deepening and first time buyers delaying entering the property market because they either can’t get mortgages at present or they think it is more prudent to assess the economic situation further before taking the leap, the good news is that rental prices are decreasing in Mayo.
Rents in Westmeath are approximately 12 per cent lower than they were a year ago, according to the latest figures from Ireland’s busiest property website Daft.ie.
The year 2008 will be remembered as a year of change for the global economy, the Irish economy, and the Irish property market. From a rapidly expanding Irish economy between 2002 and 2006, and in tandem a rapidly expanding property market, to rapid contractions in 2008. The transition from expansion to contraction has been very difficult for most involved in business, and the property sector in particular. Reformation of business structures, changing market conditions, and new realities in product market values, reduced profits, and in many cases substantial losses and significant job losses. These are some of the consequences of the change.