News

Housebuilders ‘may never reach’ 35,000 units target

brm  -  Mar 08, 2019  -  No Comments
Ireland’s housebuilders may never reach the 35,000-unit-a-year mark that analysts believe is necessary, according to Glenveagh Properties chief operating officer Stephen Garvey. Mr Garvey told reporters that we “may be living in an era where housing will never outstrip demand”. “You’d question whether the market will ever get there. Maybe

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Getting your house ready for a viewing

brm  -  Feb 11, 2019  -  No Comments
Deciding to sell up and move somewhere else? Good for you but before you can concentrate on the new chapter in your life you’ll have to sell your old home. In order to do that you’ll have to put it on the market, either yourself or through an estate agent.

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Call for banks to cut mortgage rates as new figures reveal expense of Ireland’s home loans

brm  -  Feb 08, 2019  -  No Comments
Banks have been called on to cut their mortgage rates after new figures again showed this country has some of the most expensive home loans in Europe. The call came as evidence has mounted that the European Central Bank (ECB) is years away from starting to raise the interest rate

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40,000 home loans drawn down last year

brm  -  Jan 29, 2019  -  No Comments
More people took out mortgages last year compared with the previous year. New figures from the banks show that 40,200 mortgages were drawn down last year. This was up by 5,400 on the total for 2017. The value of the mortgages drawn down last year came to €8.7bn, up €1.4bn

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Dublin 1: Properties at lower end of D1 market performing best

brm  -  Jan 19, 2019  -  No Comments
Property values in Dublin 1 are up by an average of 5pc with properties at the lower end of the market (priced at under €320,000) definitely performing best. Value growth in the last 12 months has been just under half that achieved the previous year because of an increase in

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Central Bank mortgage review to be published

brm  -  Nov 28, 2017  -  No Comments
The Central Bank will publish the outcome of a review of mortgage rules later today. The restrictions set official ceilings on how much banks can lend home buyers. It is expected the main limits will remain in place although there could be some small adjustments. The rules were highly controversial

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Revealed: How many new homes are sold each month – and where the hotspots are

brm  -  Nov 14, 2017  -  No Comments
– Just 450 new homes sold each month – Lack of supply fuels price hikes – CSO reveals 15,000 sales in the space of past three years – Investors buying up to 40pc of stock in high-demand areas Just over 450 new homes are being sold every month as the

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Haven Mortgages beats parent AIB with 2016 loan book growth

brm  -  Oct 11, 2017  -  No Comments
Haven Mortgages, the AIB unit that offers home loans through brokers, saw its loan book increase by almost 19 per cent last year to €1.7 billion to outshine its parent group, whose portfolio continued a trend of contraction since the onset of the financial crisis. “The 18.6 per cent increase

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Glenveagh Properties to build 2,000 homes

brm  -  Oct 02, 2017  -  No Comments
Glenveagh Properties is set to build 1,000 per year by 2020, and 2,000 homes in the long term. The company, which was set up in August of this year, will fund the housebuilding from funds raised on the stock markets in Dublin and London. It is expected that joining the

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Revealed: The price of a three-bed semi-detached house is rising by €500 a week

brm  -  Sep 25, 2017  -  No Comments
The average three bed semi-detached house nationally has risen by 3.1pc to €221,843 since June, as the housing crisis continues to grow. This means that the average price for a home is jumping by €500 every week. Overall, the average house price across the country has risen by 11.2pc over

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