economy Archives - Page 2 of 3 - MyHome.ie Advice & Blog

Tax bills to rise by 10% next year

General, Home, Mortgages & Money, Property News

Tax bills are set to rise by more than 10% in 2013, even without any increase in income tax, an analysis by Grant Thornton has estimated. PAYE households may have to pay over €3,000 in additional taxes next year through a combination of increased PRSI…

Read More →

Mortgage arrears slowing at Bank of Ireland

General, Home, Mortgages & Money, Property News

The pace of mortgage arrears formation is continuing to decrease at Bank of Ireland. In an interim management statement, the bank said that 86% of those customers whose mortgages have been restructured to facilitate lower levels of repayment are meeting the revised terms. It added…

Read More →

McGrath warns against raising mortgage rates to 5% or 6%

General, Home, Mortgages & Money, Property News

The prospect of standard variable mortgage rates for AIB customers rising to between 5% and 6% will send shivers down the spine of thousands of people, according to Fianna Fáil’s finance spokesperson Deputy Michael McGrath. The Cork-based TD was responding to comments made by AIB…

Read More →

NAMA investors believe property market is "close to stabilisation"

Home, Industry News, Mortgages & Money, Property News, The Investor, The Overseas Investor

Partners of a UK investment firm who have bought a 17% stake in the National Asset Management Agency’s holding company NAMAIL have insisted that they believe the property market here is “now close to stabilisation.” NAMAIL was established as an investment holding company to facilitate…

Read More →

McGrath accuses banks and government of abandoning variable rate customers

General, Home, Mortgages & Money, Property News

The decision of AIB to hike up their variable mortgage interest rate by another 0.5% is further evidence that the banks and the government have completely abandoned variable rate customers, according to Fianna Fáil finance spokesperson Michael McGrath. Speaking following the announcement yesterday, Deputy McGrath…

Read More →

Getting economy back on track and avoiding mass defaults is a difficult task to juggle

General, Home, Mortgages & Money, Property News

In last week’s Friday Feedback we discussed the possible impact of the property tax and Budget on people’s finances going into 2013. As part of that article we took a brief straw poll from people to get an idea of how they would be impacted…

Read More →

New taxes could damage both the market and a whole host of those simply struggling to survive

General, Home, Mortgages & Money, Property News

Most people would be in agreement that a healthy economy requires a healthy property market. After all, one of the major things that fuelled the Celtic Tiger was the housing and construction boom. Obviously we don’t want to get back to a stage where there…

Read More →

Call on NAMA to set base property prices

Home, Mortgages & Money, Property News

The National Asset Management Agency (NAMA) should have the responsibility of establishing a base price for property in Ireland. The bad bank should be made to make a call on pricing in order to help the economy recover according to a former CEO of Bank…

Read More →

Businesses starting to feel more confident about Irish economy

Commercial Blog, Mortgages & Money, The Investor

A new business sentiment survey shows that Irish businesses are beginning to feel more confident about the outlook for the Irish economy as a whole. The latest KBC Bank Ireland/Chartered Accountants Ireland Business Sentiment survey shows the first increase in employment in almost five years.…

Read More →

The mortgage divide, is it right?

Mortgages & Money, Property News

Yesterday’s ECB rate cut of 0.25% will be welcome news to many mortgage holders but for a large proportion, they will never benefit from it. Tracker mortgage holders will automatically benefit from the new 0.75% rate but the cut is unlikely to be passed on…

Read More →