Up to 200 ghost estates face being bulldozed under new plans being drawn up by Minister for Housing and Planning, Jan O’Sullivan. The country has been left with 1,100 unfinished developments since the property bubble burst in 2008 – many of which are in a dangerous state. Junior Minister O’Sullivan has admitted that up to 200 [...]
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Minister for the Environment Phil Hogan says he is expecting a “massive late surge” in property tax payments before Tuesday’s deadline. Almost one million have paid the controversial new tax to date but there are still around 600,000 homeowners yet to pay. However, Minister Hogan said he expected a “massive late surge” in payments in [...]
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The Central Bank Governor has said “imaginative design” of debt restructuring arrangements can help ensure that even insolvent homeowners do not lose their houses. He said the idea of a split mortgage which allows borrowers to service only a portion of their debt at least on a temporary basis, could be “fleshed out” to reduce [...]
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Almost one million people have now paid or made arrangements to pay their local property tax, with one week to go to the deadline for filing the tax return. To date more than 948,522 returns have been filed and up to the end of April €22 million in up-front payments had been received. Of the returns [...]
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By The MyHome Newsdesk
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Also posted in General, Home, Industry News, Property News, Property Picks, The First Time Buyer, The Investor, The Overseas Investor, The Seller
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Tagged Auction, DNG, DNG Maxwell Heaslip & Leonard, Galway, Maxwell Heaslip Leonard
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Leading Galway-based auctioneering firm DNG Maxwell Heaslip & Leonard last week launched the latest in its summer series of auctions. Following the company’s successful May auctions, which saw ten lots be brought to the market, it has brought six more lots to the open market for a sale on Friday June 14th with huge interest [...]
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Subprime mortgage lender Start Mortgages has hired Alan Casey as its new chief executive, subject to approval from the Central Bank. Mr Casey will replace Esther Morley, who is understood to be standing down. He will join Start from Investec Ireland, where he has been since 2004 and is head of the South African bank’s [...]
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The vast majority of households who are having difficulty repaying their mortgage either don’t have, or have substantially lower levels of, private health insurance cover. According to the Central Bank’s latest household expenditure survey, people with mortgage repayment problems spend an average of 18% less than those who are not. When health insurance spending is [...]
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A new survey of 121 property market professionals and experts founds that more than half of respondents believe that the residential proprty prices will fall in 2013. The survey was published by the Central Bank in its annual Macro Financial Review report and was carried out in the final quarter of last year by the Society of [...]
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By The MyHome Newsdesk
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Also posted in General, Home, Property News, The Seller
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Tagged AIB, bank, Bank of Ireland, Chief Executive, David Duffy, fied rate, Mortgage, Permanent TSB, tracker mortgage, variable rate
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State owned AIB are understood to be considering following in the footsteps of Bank of Ireland and Permanent TSB by offering new mortgage deals to existing homeowners who wish to move house while retaining their tracker mortgage. Chief Executive David Duffy has confirmed that the bank is examining all possible arrangements to allow people to [...]
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Ashford Castle has been sold for €20m, according to a report in today’s Irish Times. Red Carnation Hotels, owner of 14 boutique hotels, plans to carry out a major refurbishment of the five-star hotel in Cong, Co Mayo, which was placed in receivership 18 months ago by its owner, the Galway businessman Gerry Barrett. He bought the castle and [...]
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House prices were 3 times average income in 1995 before the property price boom started, they ros...
I own 2 properties. On the information leaflet I was informed that I could pay by cash. I have no...
