Tag Archives: unemployment

David Duffy

Property market has reached tipping point, insists AIB boss

The president of the Irish Banking Federation and AIB chief executive David Duffy has said the property market in Ireland has reached a tipping point. “Finance is available, confidence is improving, house prices are increasing, unemployment is decreasing and the Government construction strategy is in place  – we now need to move forward to a [...]

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Mortgage arrears continue to increase at Bank of Ireland

Bank of Ireland has admitted that arrears in its residential mortgage book have continued to increase due to the difficult economic environment and high levels of unemployment. They made the admission in a trading update this morning ahead of their AGM today. They said interest rates were expected to remain lower for longer than expected [...]

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NCB claim home prices will fall by at least a fifth in the coming years

The cost of buying a home in Ireland will fall by at least a fifth in the coming years, according to NCB Stockbrokers. It said that the national decline from peak to trough will be 60% “The boost from domestic demand will not be material until 2013. Unemployment, currently 14.3%, will remain above 10% until [...]

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One in 10 people are in mortgage arrears in Ireland

One in 10 mortgages in arrears

New figures have revealed that more than one in 10 Irish mortgages are in arrears. Another fifth of all mortgage holders are said to be having difficulties in meeting repayments, according to a report by credit ratings agency Moody’s. The figures highlight the pressure many mortgage holders face – particularly those who bought at the [...]

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