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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The number of property transactions in Meath last year rose by over 23% compared to 2011 according to new analysis by MyHome.ie. There were 795 house sales in the county in 2012, up from the 610 transactions in 2011. However the Meath property market has bucked the trend somewhat in that last year’s level of [...]
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By The MyHome Newsdesk
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Also posted in General, Home, Mortgages & Money
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Tagged bank, banks, ECB, European Central Bank, interest rates, Michael Noonan, Minister for Finance, taxpayer, tracker mortgage, variable, variable interest rate
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Minister for Finance Michael Noonan has insisted that he will not interfere with what any bank decides to charge in interest rates. With ECB rates at an historic low of 0.5%, most banks have put their variable rates up to combat the loss they are making on tracker mortgages. This has resulted in those on [...]
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Minister for the Environment Phil Hogan has reiterated his stance that the one in four homeowners yet to pay the household charge will be “pursued”. He also said they would be liable for double the original €100 fee for failing to pay by the March 2012 deadline. Minister Hogan thanked the 76% of householders who [...]
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By The MyHome Newsdesk
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Also posted in General, Home, Industry News
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Tagged Clare, Clare County Council, development, Jan O’Sullivan, Laois, Laois County Council, legislation, Local Authorities, Mahon Tribunal, Midleton, planning, Planning and Development Act, planning decisions, planning legislation, The Minister for Housing and Planning
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The Minister for Housing and Planning, Jan O’Sullivan TD, has informed local authorities that she will invoke her legal powers to clamp down on poor planning decisions at local level. The Minister has informed local authorities of her intention to invoke her Section 31 powers in all cases where initial Departmental opinions on proposed development [...]
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By The MyHome Newsdesk
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Also posted in General, Home, Industry News, Mortgages & Money, Property Picks, The First Time Buyer, The Investor, The Overseas Investor, The Seller
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Tagged Auction, Colm O’Donnellan, Galway, Harbour Hotel, Longford, O'Donnellan & Joyce, Roscommon, Westmeath
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An estimated 600 people attended a bumper auction in Galway City, at which more than €3.6 million worth of property was sold. The O’Donnellan & Joyce auction last Friday saw a packed auction room in the Harbour Hotel, will potential bidders and onlookers flowing out into the corridor outside. A total of 28 properties in [...]
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By The MyHome Newsdesk
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Also posted in General, Home, Mortgages & Money, The First Time Buyer, The Seller
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Tagged Director of Public Affairs, Felix O'Regan, First Time Buyers, IBF, Irish Banking Federation, Irish Banking Federation/PwC Mortgage market profile, mortgages, mover-purchasers
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Mortgages to the value of €331m were issued during the first quarter of this year, new figures show. This compares to €999m worth of mortgages issued in the last quarter of 2012 and €450m worth in the first quarter of last year. The Irish Banking Federation/PwC Mortgage market profile shows that 2,068 new mortgages were [...]
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By The MyHome Newsdesk
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Also posted in General, Home, Mortgages & Money
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Tagged appeals, approved, banks, Central Bank, Cork South-West, Labour, Michael McCarthy, Michael Noonan, Minister for Finance, Mortgage, mortgage appeals, Mortgage Arrears Resolution Process, refused
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Labour TD for Cork South-West, Michael McCarthy, has said there is a need to publicise the number of mortgage appeals that are being approved or refused by State-owned banks. Mr McCarthy said: “People have a right to know if State-owned banks are turning over a healthy number of appeals or if they are refusing them. [...]
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By The MyHome Newsdesk
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Also posted in General, Home, Industry News, Mortgages & Money, The Seller
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Tagged AIB, Bank of Ireland, banks, Danske Bank, EBS, ECB, European Central Bank, fixed rate, homeowners, KBC Bank, Mortgage, mortgages, Permanent TSB, property market, tracker mortgage, Ulster Bank, variable rate
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Homeowners will now be able to move house without having to give up their low interest tracker mortgages. Trackers are linked to the rate set by the European Central Bank, which currently has an historically low rate of 0.5%. With 375,000 homeowners currently on tracker mortgages, many are reluctant to move for fear of losing [...]
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By The MyHome Newsdesk
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Also posted in Commercial, General, Home, Industry News, Mortgages & Money, Property Picks, The Seller
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Tagged 46 Wellington Road, advertising agency, Auction, D4, DNG, Dublin, Dublin 4, Leo Burnett, Wellington Road
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A house in Dublin 4 has sold for €500,000 above its €1.6m guide price. 46 Wellington Road sold yesterday for €2.1m – making it the highest price paid for a home at auction this year. The Ballsbridge house was bought yesterday by a family which plans to restore it to a family home. Both the [...]
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Revenue has developed an interactive online property tax valuation guide, available here . The gu...
The SCS, the largest construction and property industry body in the country, publishes the guide ...
