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In a pre-Budget submission for IPAV, the Institute of Professional Auctioneers and Values, economist Jim Power says enabling those earning up to €60,000 to borrow up to 4.5 times income, as opposed to the current 3.5 times income, would bring some equity to the market and give hope to a large cohort of the younger generation.
Responding to the most recent Daft.ie Rent Price Report for Q2 2021 IPAV, the Institute of Professional Auctioneers and Valuers, said the latest report highlights yet again that it is only in the two most expensive areas in which to buy property, Dublin 4 and Dublin 6, that repaying a mortgage on a three-bedroom home is more expensive than paying rent, and at that it is only marginally so.
As property stock continues to drop prices continue to rise, but is there an end in sight?
Rent the Runway has announced that all employees based in Ireland are offered 20-weeks of fully paid leave as part of its gender neutral family leave policy designed to support families. The company’s International Technology Office is located in The Old Schoolhouse in Galway City.
Commenting on the most recent Central Bank Retail Interest Rates publication for April, Brokers Ireland said with the second highest rate in the eurozone, after Greece, Irish mortgages holders are paying over €83,000 more than their euro area counterparts on a €300,000 mortgage over 30 years. (see chart below).
Campion Insurance, one of Ireland’s leading independent insurance broker has this morning (Thursday) announced its arrival in Galway through a merger with leading broker McLaughlin & Greaney Insurances trading as Future. Under the terms of the merger, Future will become part of Campion Insurance. The merger has been approved by the Central Bank of Ireland and the consideration is for an undisclosed sum.
Brokers Ireland, which has long called for long-term fixed interest rate mortgages in Ireland, has welcomed the introduction by Finance Ireland of a 20-year fixed mortgage for the first time in Ireland.
Arrabawn achieved record revenues and grew its profit in 2020 despite a year of significant challenge, its annual report reveals.
Commenting on the most recent Central Bank Retail Interest Rates publication for February, Brokers Ireland said the increase in the volume of new mortgage agreements of seven percent year-on-year in February and particularly the 23 percent increase month-on-month between January and February 2021 reflects the increasing demand for mortgages, despite the ongoing pandemic.
Today both St Jarlath’s and St Anthony’s & Claddagh Credit Union are introducing a new full-service Current Account.