Annette Hughes

Dublin inflating turnover rate of houses in Ireland

The national average housing turnover rate between July 2015 and June 2016 was 2.1%, according to the GeoView report published by GeoDirectory today. When Dublin is excluded the turnover rate falls to 1.5%, highlighting the Capital’s effect on the housing market. By cross referencing the…

General

Residential property sales still 50% below normal

Blog, General, Home, Market News, Mortgages & Money, Promoted, Property News

Turnover of Irish residential property is barely 50 per cent of what is considered “normal” in a healthy housing market. According to GeoDirectory, the State’s largest property database, there were just 43,428 residential property transactions last year from a total housing stock of more than…

Mortgage affordability falls in first half of the year

General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer

Mortgage affordability worsened in the first half of 2013, as the Government removed mortgage-interest tax relief for first-time buyers, the latest affordability index by lender EBS and economic consultants DKM shows. A single first-time buyer on average earnings who buys a house at the national average price typically spent…