Property News

Property prices up 7pc in a year, with no let-up in sight for 2017

Charlie Weston Irish Independent Published 17/12/2016 | 02:30 Property prices continue to rise nationwide as a lack of homes for sale keeps the pressure on buyers. Experts said prices would keep rising next year. New figures show that prices rose an average of 7.1pc in the year to October. This compared with an increase of […]

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First-time buyers’ deposit scheme to go live on January 3rd

Help-to-buy scheme to provide rebate of up to 5% of purchase price and will run until 2019 The Irish Times Tue, Nov 29, 2016, 12:35 Fiona Reddan First-time buyers hoping to complete the purchase of their first home in 2017 will be able to apply for their 5 per cent tax rebate as early as […]

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All you need to know about the rule change for first-time buyers – and how it’s expected to spark building surge

New buyers will end up with more money; Lane says rules were too complicated The Central Bank has made a dramatic change to its mortgage lending rules, in a move that is expected to lead to a surge in home building. However, there are also fears that the loosening of the lending limits will lead […]

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Chartered Surveyors welcome easing of deposit rules but say more needs to be done on supply side

Wednesday 23rd November 2016. The Society of Chartered Surveyors Ireland has welcomed the decision by the Central Bank to ease deposit rules for first time buyers. Ronan O’Hara, Chairman of the SCSI’s Residential Professional Group said the move would provide much needed assistance to first time buyers, many of whom are struggling to save for […]

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Sharp rise in mortgage approvals and drawdowns

Drawdowns up 19.6% on an annual basis while approvals increase by 26.5% More than 8,000 new mortgages were drawn down in the third quarter, up 19.6 per cent compared to the previous three months and by 13.7 per cent on an annual basis. New figures from the Banking & Payments Federation Ireland (BPFI) also show […]

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Development land sales poised to outperform 2015

A total of 75 development land transactions worth a combined €640m were completed in the Republic in the first nine months of the year. That amounts to 83pc of the value of the €770m land deals that CBRE recorded for 2015.   In the last three months alone, there were 22 development land sales completed, […]

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