When the European Central Bank governors met this week to announce that its main interest rate was to be cut to a record low of 0.5% nobody was surprised…but not everyone was particularly happy. The rate cut was made against a backdrop of a falling Euro inflation rate currently standing at 1.2% (the ECB generally… Read More
Mortgages
Spring is in the air! Mortgage market thawing out
In a recent blog post we spoke about how there were signs of life in the mortgage market with AIB, BOI and PTSB coming out and promising to increase lending for the year. Both AIB and Bank of Ireland spoke of doubling their figure to approx € 2 billion each for 2013 and even PTSB who… Read More
Getting a mortgage: 5 key issues for bank acceptance
In the wake of news that PermanentTSB have increased their mortgage lending fund to €450m in 2013, recently released figures from Bank of Ireland also provide some grounds for optimism. Bank of Ireland lent over €1bn in mortgages last year with a surging 65% increase on lending in last half of the year compared to… Read More
Do Google property search trends suggest sentiment shift?
It’s no secret that we in Ireland are obsessed with property and the number of Google searches per month on property-related terms bear this out. But can Google tell us which way the market is going? If one had a crystal ball to help us predict the future trends of the property market, one would… Read More
Nama Negative Equity Scheme
After months of rumour and speculation Nama have finally launched a new scheme which it hopes will kick start the property market and therefore hopefully shift some of the 10,000 + properties it has on its books. The scheme which it is calling the “80:20 Deferred Payment Initiative” allows buyers obtain mortgages from three state-guaranteed… Read More
