Struggling homeowners in Ireland to get more time
Ten Irish mortgage lenders are to give homeowners more time to tackle arrears before taking legal action.
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Irish house prices hit the bottom
Irish house prices have hit the bottom of the house price cycle, the Irish Home Builders Association (IHBA) has said.
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M&S, Aldi get into the apartment market
Marks and Spencer and retailer Aldi are seperately getting into the apartment market following approval for two projects which could see them build more than 120 apartments in the north of Dublin.
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Irish property prices could fall by 45%
Fitch Ratings has said it expects further house price declines in Ireland with a drop of 45% from levels seen in late 2006, as the economic downturn and increased costs of funding the banks weigh heavy on the market.
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A new property tax has been recommended by the Commission of Taxation in Ireland as part of a comprehensive reform package of the Irish taxation system.
AIB Bank has said it has yet to see any evidence of a recovery in the Irish housing market.
The European Central Bank has decided to keep its base interest rate on hold this month at 1% amid signs of possible growth in the eurozone economies later this year.
Despite some improvement in the economic data and a moderation in the pace of decline in capital values in all world regions, rental expectations deteriorated further, says the latest RICS Global Property Survey.
