Search Results for 'United States housing bubble'
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Mortgage holders advised to review existing policies - Brokers Ireland
Responding to the ECB interest rate increase of 0.75 percent, Brokers Ireland said even though predicted by some commentators the fact that it is on the higher side is very disquieting for consumers with the real worry now being the unknown one of how long such increases will go on for and what level they will reach.
Latest IPAV house price study confirms growing appeal of country dwelling
The overall average increase in property prices for 2021 was just short of 12 percent, with great variations across the country, according to the latest Residential Property Price Barometer by IPAV, the Institute of Professional Auctioneers & Valuers which captures house prices actually achieved by auctioneers for three- and four-bedroom semi-detached homes and two-bedroom apartments.
Steady competition is improving situation for mortgage holders - Brokers Ireland
Commenting on the most recent Central Bank Retail Interest Rates for July 2021, Brokers Ireland said while Ireland is back at the top of the euro area league with Irish mortgage holders paying 1.45pc over and above the euro area average, there has been a continuing marginal improvement in the rate, reflecting more competition in the Irish market.
Irish mortgage holders continue to pay more than Euro counterparts
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).
Irish mortgage holders still paying for mistakes of the past
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.
Mortgage holders urged to switch amid slight interest rate fall
Commenting on the most recent Central Bank Retail Interest Rates publication, Brokers Ireland said the drop in the weighted average interest rate on new mortgages in December to 2.76 from 2.79 the previous month is to be welcomed, even if the rate remains the second highest in the euro area behind Greece.
IPAV notes concerns in payment difference for current tenants and mortgage holders
Responding to the most recent Daft.ie rental Report for Q4 2020 IPAV, the Institute of Professional Auctioneers and Valuers, said it is notable just how much more expensive it continues to be to rent a home rather than buy one.
Increased support for borrowers in Covid-19 mortgage difficulty
Borrowers in Athlone who have seen their incomes impacted by the Covid-19 crisis will have greater access to insolvency supports and services under new government measures, Longford-Westmeath Fine Gael Minister of State, Deputy Peter Burke, has confirmed.
Irish mortgage holders continue to pay excessive interest rates
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.
No Consent No Sale Bill may negatively impact mortgage holders
Brokers Ireland has appealed to politicians to consider very carefully the No Consent, No Sale Bill 2019 currently going through the Oireachtas on the basis that it is likely to negatively impact mortgage holders in terms of interest rates and stymie badly needed competition in the banking sector.