By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money
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Also tagged Central Statistics Office, CSO, disposable income, households, income, information, profits, self employed, wages
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The disposable income of Irish households rose by 2.5 per cent last year as a result of higher wages and increased profits of the self-employed. Figures published by the Central Statistics Office (CSO) show households’ gross disposable income rose to €86.27 billion last year, up from €84.19 billion in 2011. The institutional sector accounts, which bring together [...]
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By The MyHome Newsdesk
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Posted in Commercial, General, Home, Industry News, Mortgages & Money, Property News, The Investor, The Overseas Investor
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Also tagged broker, cash deposits, commercial, CSO, debt, debt leverage, deposits, estate agents, Independent Trustee Company, investors, lenders, negative equity, pension, pension schemes, pensioners, property, residential property, retirement portfolios
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In a slow but undeniable trend, Irish pension investors are tentatively taking steps back into the property market by adding property to their retirement portfolios. That’s according to Independent Trustee Company who looked at where clients with self-administered pension schemes are choosing to direct their pension savings. The pension experts, with €750 million in clients [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money
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Also tagged bills, borrow, credit cards, Eoin Clarke, households, income, money, overdrafts, report, survey, uSwitch.ie
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More than half of Irish households are forced to borrow money to pay essential bills, according to a new survey from uSwitch.ie. The report founds that 57% of us dip into savings or borrow from family and friends in order to make ends meet while 43% are resorting to credit cards and overdrafts. Eoin Clarke, [...]
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Over two fifths of people are not saving anything at the end of each month, according to the latest Nationwide/ESRI savings index. The survey found that 42% of people were not putting any money aside. That was up from 36% in 2011, with the proportion of people saving regularly now standing at 34% – down [...]
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By The MyHome Newsdesk
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Posted in General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer
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Also tagged Bank of Ireland, Christmas, civil partnership, Emmet Furlong, figures, Finance, first-time buyer, Friday feedback, home, Michael Noonan, Minister for Finance, mortgage interest relief, MyHome, MyHome.ie, property barometer, property tax, propety, purchase, scheme, survey, tax, tax relief, The Irish Times
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A soon to be published survey by MyHome.ie revealed that 62.7% of first time buyers hoped to purchase a home in the next 12 months, with a further 29.1% undecided. Those figures, along with Bank of Ireland’s findings that 84% of 25-35 year olds want to buy their own home, means there is still a [...]
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By The MyHome Newsdesk
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Posted in General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer
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Also tagged buyers first time buyers, buying, home, Mortgage, mortgage interest relief, non first time buyers
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Did you know you could save yourself up to €23,000 by buying a home between now and the end of the year? That’s because the current Mortgage Interest Relief Incentive will end on 31st December 2012. Those who qualify before then will benefit from interest relief until 2017, with huge savings available for first time [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money
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Also tagged age groups, Brendan Synnott, consumer confidence, eurozone, event, government policy, Holiday, increase, major purchase, managing director, Nationwide UK (Ireland), Nationwide UK (Ireland)/ ESRI Savings index, Savings Environment Index
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Concerns about the future of the Eurozone last month saw Irish people increase the amount of savings they stow away, the latest Nationwide UK (Ireland)/ ESRI Savings index out today shows. Those that are able to save are doing so with a precautionary motive as the ongoing uncertainty continues to have a negative impact on [...]
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By The MyHome Newsdesk
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Posted in Industry News, Mortgages & Money, Property News, Property Picks, The First Time Buyer
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Also tagged 80:20 Deferred Payment Initiative, AIB, Bank of Ireland, Brendan McDonagh, budget, Chief Executive, Cork, deferred payment, deposit, Dublin, EBS, First Time Buyers, housing market, independent assessment, initiative, interest, investors, lending criteria, Meath, NAMA, National Asset Management Agency, owner occupiers, Permanent TSB, pilot basis, price discovery, residential mortgage
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The National Asset Management Agency (NAMA) has today launched its residential mortgage 80:20 Deferred Payment Initiative on a pilot basis. The initiative is one of a range of measures planned by the agency to facilitate first time buyers and other owner occupiers who wish to purchase a home and encourage activity in the housing market. The [...]
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New figures show that mortgage interest rates in Ireland remain lower than the euro zone average, while deposit rates on savings are higher. The data from the Central Bank shows that the weighted average interest rate for Irish mortgages stood at 2.98% in February – unchanged from the January level. This compares to the euro [...]
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Mortgage interest rates in Ireland are lower than the EU average and deposit rates on savings are higher, according to figures from the Central Bank. The weighted average interest rate for outstanding Irish mortgages is 2.98% compared to almost 3.87% across the rest of the euro zone. The Central Bank says the gap is explained [...]
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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...
