Ireland and US to see biggest pick up in distressed properties
Ireland and the US are set to see the biggest rise in distressed sales, says RICS research, with the number of distressed properties coming onto the market in the second quarter of 2010 to increase across 19 of the 25 countries surveyed in it’s global market report.
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AIB says it’s open for mortgage business
AIB Bank, which has suffered during Irelands banking crisis has said that it has provided finance for 38% of all residential property transactions* in the first quarter of 2010.
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Irish asking prices down one thirdAsking prices for residential property around the country fell by 3.4% during the first three months of 2010, the smallest quarterly fall in almost two years, according to the latest report published by property website Daft.ie.
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AIB ups mortgage rates and faces Government takeoverAIB Bank had announced AIB today announced that it is to increase some of its mortgage rates with effect from close of business on 29th March, 2010.
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Euro interest rates held at 1 percent
The European Central Bank (ECB) has kept the eurozone interest rate at its record low of 1% for the 10th month in a row, as expected.
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European Housing Showing Signs of Recovery
Signs of recovery are visible in some European housing markets, especially in sales levels and prices, says the latest RICS European Housing Review.
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AIB ‘less inclined’ to take on mortgage switchersAIB Bank, one of the largest in Ireland has said it is ‘less inclined’ to take on new customers who are only interested in gaining a better interest rate for their mortgage.
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House prices fell by 0.9% in August, the second consecutive month where a fall has occurred leaving the average house price at £166,507, Nationwide has said.
Lloyds TSB has introduced a new, market leading fixed rate mortgage at 2.94%, the product is available both for house purchase and remortgage for borrowers with a deposit of at least 30%.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
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