Report reveals long term mortgage arrears showing signs of improvement

Thu, Jul 30, 2020

Commenting on the most recent Residential Mortgage Arrears and Repossessions from the Central Bank for Q1 2020, Brokers Ireland said while it is positive that long-term arrears are showing signs of improvement they are not what they should be and there is strong evidence of ‘extend and pretend’ particularly in relation to longer term arrears.

Rachel McGovern, Director of Financial Services at the organisation which represents 1,250 Broker firms said accounts in arrears for over 720 days continue to account for 42 percent of all accounts in arrears.

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IPAV notes need for Government to address property shortage supply

Thu, Jul 30, 2020

Commenting on the most recent CSO Residential Property Price Index for May, IPAV, the Institute of Professional Auctioneers and Valuers, said while it’s not surprising there is a large drop in the number of dwelling purchases, 46.2 percent on May last year, arising from the pandemic, the big worry is what the pandemic and the reaction to it by stakeholders will do to the supply of properties, which is already well behind demand.

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Irish mortgage holders continue to pay excessive interest rates

Thu, Jul 23, 2020

Commenting on the most recent Central Bank report on retail interest rates for May, Brokers Ireland said not only are Irish mortgage holders paying much higher interest rates than their euro area counterparts but Irish SMEs are being “absolutely fleeced” by comparison with their euro area businesses.

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IPOA note increase in rental property numbers upon Daft report

Thu, Jul 23, 2020

Responding to the most recent Daft housing market report, the IPOA noted that the number of properties now available for rent was to be expected.

Student accommodation previously utilized in the tourist industry in the summer is available, the decision of some multi-nationals and other companies to allow staff to continue to work from home has also resulted in more available rentals.

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Unique family property within a private tranquil setting

Thu, Jul 16, 2020

Rarely does a property as unique as this residence on the Hall Road, Castledaly, come to the market.

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Modest annual fall in residential property sale premiums year to date

Thu, Jul 16, 2020

Sale prices fell by 3.3 percent in the year to June, according to the most recently issued Daft.ie Housing Market Report with the average price of a standard three bedroom semi-detached residential property in Westmeath now costing €140,000.

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IPAV expresses concerns pertaining to mortgage lending restrictions

Thu, Jul 16, 2020

IPAV, the Institute of Professional Auctioneers and Valuers, has warned that if over-zealous lending restrictions are implemented by banks it will ruin confidence among builders and cause house building to slow to a trickle.

“While no one expects lenders to engage in irresponsible lending, if lending to those on State Covid-19 payments who have jobs to return to are stopped or severely delayed from getting mortgages it is likely to have a devastating impact on the supply of new homes, which are already behind schedule as a result of the pandemic,” Mr Pat Davitt, Chief Executive of IPAV, commented.

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Centrally located modern Moate residence immaculately presented

Thu, Jul 09, 2020

Mark Nestor Property Services proudly presents to the market this beautiful three bed modern family home ideally located in Moate town centre.

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Westmeath house premiums remain unchanged despite COVID-19 crisis

Thu, Jul 09, 2020

Despite fears of a downturn in the market during the COVID-19 crisis, the price of a three-bedroomed semi-detached house in Westmeath remained unchanged over the past three months, according to a national survey carried out by Real Estate Alliance.

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Assessing the post COVID-19 pandemic property market

Thu, Jul 02, 2020

ANDREW CARBERRY, DIRECTOR, POWER PROPERTY

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IPAV notes resilience in property market despite pandemic

Thu, Jun 25, 2020

Commenting on the most recent CSO Residential Property Price Index for April, IPAV, the Institute of Professional Auctioneers and Valuers, said while there is a large drop in the number of dwelling purchases, 34.7 percent on the previous month, there is very little indication that property prices will drop.

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