Rachel Mcgovern

15 results

Brokers Ireland: “If you are in a position to switch and have not reviewed your situation you could be in for a very pleasant surprise.” Photograph: iStock
Irish mortgage holders still paying more than other Europeans

Irish consumers are still paying more than their European counterparts for basic mortgage products, Brokers Ireland has said. The umbrella group was (...)

Central Bank figures show the average rate charged on new mortgages here over the past 12 months was 2.83 per cent, compared to a euro area average of 1.35 per cent. Image: iStock
Irish borrowers will pay €80,000 more on €300,000 mortgage than EU counterparts

Irish consumers can expect pay at least €80,000 more than their European counterparts on a €300,000 mortgage over 30 years because of the premium char(...)

House prices nationally rose by just 0.1 per cent in the 12 months to June, with consumers, banks and developers effectively on pause as a result of virus-containment measures
Dublin house prices fall 0.7% as Covid-19 puts the brakes on market

Property prices in Dublin have fallen by 0.7 per cent in the year to June as a result of the coronavirus pandemic. The latest official figures from t(...)

Mortgage holders here pay €82,342.80 more on average than their counterparts in other countries over the lifetime of a home loan
Mortgage holders still paying more than European counterparts

Irish mortgage holders are continuing to pay significantly more than their European counterparts, according to new figures from the Central Bank. Mo(...)

The housing market is in difficulty. More expensive properties are slow to sell and prices in some areas are static or easing back. File photograph: Getty
Central Bank’s unchanged mortgage rules ‘fuelling rental trap’

The Central Bank’s decision to maintain mortgage lending limits will keep people in a “rental trap” at a time when those home-lease costs are running (...)

‘[If] you’ve got a lot of stuff bundled into your 30s, you’re condensing too much into a short time frame.’ Photograph: Getty Images
Millennials and money: Four dangers of leaving things late

Everyone has their own pace and priorities in life and, ostensibly, there’s nothing wrong with that. Some will get married in their 20s, others in the(...)

Non-household buyers’ role in housing market transactions has increased sharply since 2010, rising from 4 per cent of all market-based activity to 17 per cent last year.
Little to cheer for those looking to buy house in Republic

As if further proof were needed of just how rotten things are for anyone looking to buy a home at present, one need only look at the latest report fro(...)

A combination of Central Bank borrowing limits and cash in the market are limiting would-be buyers’ options. Photograph: iStock
We are told houses are not over-priced. So how come they are unaffordable?

House prices may now be fully valued in comparison to incomes, according to the latest analysis by the Central Bank, but still “may not be affordable (...)

Figures from the Central Bank of Ireland show the average rate charged on new mortgages here over the past 12 months was 3.21 per cent, compared to a euro area average of 1.8 per cent
Mortgage rates in Ireland are highest in Europe

Irish mortgage holders typically pay €2,500 a year more than their European counterparts because of the premium rates charged by Irish banks, a situat(...)

House prices across the Republic are still 21.1 per cent lower than their highest level in 2007. Photograph: iStock
Property prices up by 13% in year to April

There was further misery for would-be home buyers on Wednesday morning with fresh data released by the Central Statistics Office (CSO) showing that th(...)

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