Over 5,200 mortgages approved in October, with surge driven by first-time buyers
October was the busiest month for mortgage approvals since BPFI began collecting this data in 2011.
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October was the busiest month for mortgage approvals since BPFI began collecting this data in 2011.
Darragh O’Brien said he wants to ensure houses ranging in price from €160,000 to €250,000 will be available.
Over a third of respondents believe prices will drop by over 10% in the next 12 months.
The 12,259 mortgages are valued at €2.7 billion.
Dún Laoghaire-Rathdown in Dublin had the highest average house price for first-time buyers, costing €520,000.
That’s according to property website MyHome.ie’s latest house price report.
Higher-than-anticipated demand for the Rebuilding Ireland Home Loan had put its future in doubt.
The most expensive house prices are in Sandymount, Dalkey and Lansdowne Road.
That represents a decrease in both figures.
The almost 45,000 mortgages approved in the last 12 months are valued at €9.9 billion.
The most expensive house prices are in Sandymount, Lansdowne Road and Sydney Parade.
The highest increases in prices to date in 2018 have occurred in towns.
There will be some slight changes in January to loan-to-income limits and collateral for purchase-to-renovate mortgages.
Varadkar said young people who are renting or living with their parents can’t get on the property ladder.
The Help-to-Buy scheme appears to have contributed to house price inflation, according to a new report.
Some are planning to extend or convert their home for more space.
The Help-To-Buy scheme opened for applications on Tuesday.
The government has been forced to change one of its key budget proposals on foot of concerns raised by the Central Bank.
Cutting VAT on new homes would have been a better approach, one economist has said.
New research shows first-time buyers will rely on a family contribution for a deposit.
The median asking price for three-bed homes in Dublin stands at €285,000 – and stocks are at record lows.
In the capital, rents are now almost 30% above their lowest point in 2012 and less than 10% below their 2007 peaks.
If you have been turned down for a bank loan you can apply for a loan from your local authority.
On your marks, get set… spend.
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