Search Results for 'The Central Bank'

This week saw the issuing of two major house price surveys with both the Daft.ie 2014 Year in Review House Price Report and the MyHome.ie Quarter Four Report on 2014. According to the Daft.ie report the average house price nationwide is €193,000 while the average house price in Mayo is €121,000. The four per cent increase recorded in Mayo in 2014 contrasts with a fall of 8 per cent a year ago. Average house prices in Mayo are still 54 per cent below their peak in 2007.

This week’s Sherry Fitzgerald property price study showing house price growth for the year at 18 per cent in Dublin and 13.9 per cent for the rest of the country, is not nearly as strong as predicted earlier and bears out the more muted market auctioneers have been reporting since September, according to IPAV, the Institute of Professional Auctioneers & Valuers which represents almost 1,000 auctioneers.

The comments by the Governor of the Central Bank, Patrick Honohan, that he may consider a relaxation of the imposition of a 20 per cent deposit rule on new mortgage applicants have been welcomed by Sen Hildegarde Naughton.

The Central Bank is to launch a special €10 coin later this month commemorating Athlone’s John Count McCormack.

Castlebar Labour Party town councillor Harry Barrett has urged people to check their bank records in the wake of The Central Bank report, issued recently, that named six banks that it is investigating for wrongly selling insurance products to thousands of customers. The banks have been ordered to carry out independent reviews of the sales of the payment protection insurance to find out the scale of the problem, and pay restitution. Payment protection insurance or PPI repays a loan or credit card if a person becomes sick or unemployed. Since August 2007, more than 300,000 PPI policies were sold in Ireland.

The Government is paralysed by the scale of the mortgage crisis and is failing to help families in difficulty in a comprehensive way, according to Mayo Fianna Fáil TD Dara Calleary. The Central Bank has confirmed that 77,630 or 10.2 per cent of all private residential mortgages are now in arrears of more than 90 days.

A local consulting engineering firm, Ryan Hanley, has beaten off strong competition to win a prestigious national award for design excellence.

The Europeans are all over for the big chat, however Brian Cowen still maintains that they are not here to discuss a “bailout” for our country.