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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.

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.

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.

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.

"Too many people" have been unable to keep up with their rent or mortgage payments due to the societal effects of the Covid-19 pandemic, and the Government must take action on this issue.

As figures pertaining to the suppression of COVID-19 within County Westmeath continue to prove favourable, with an increase of just one confirmed case this past week (671 as of midnight on June 6), the Roadmap to Recovery for Business and Society has been positively amended with July 20 now the culmination date for the reopening of the country.

Commenting on the most recent CSO Residential Property Price Index for March, IPAV, the Institute of Professional Auctioneers and Valuers, said there is little evidence so far of the impact of COVID-19 on the market.

The average household can offset some of the financial impacts of COVID-19 by saving €5,000 per annum in three simple steps according to a mortgage expert.

Why do all the work yourself, when Sherry FitzGerald has a local Galway expert on hand to help?

Mayo County Council has confirmed arrangements are now in place for home loan borrowers who may be experiencing a reduction in their income arising from the Covid-19 emergency and may not be able to make repayments on their loans.