eurozone Archives - MyHome.ie Advice & Blog

First-time buyers in Ireland paying €157 more on average each month on their mortgage

First-time buyers in Ireland are paying multiples more than the European average, according to new figures from the Central Bank. The study shows that a new buyer is paying almost €157 more for their mortgage each month compared with the average in the Eurozone. Ireland…

General

Central Bank has no power to end two-tier mortgage market

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

The Central Bank has no power to compel banks to end the two-tier market on mortgage variable rates, its newly installed Governor Professor Philip Lane has admitted. Prof Lane also told TDs and Senators that interfering in the contracts between a lender and borrower was…

General

Irish house prices predicted to rise the fastest in the Eurozone

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

Ireland’s housing market will experience the highest price rises across the Eurozone in 2015 , Standard & Poor’s said on Thursday, as it predicts that house price growth will stay “relatively robust” over the medium term. The ratings agency is predicting price growth of 9…

General

Government considering plans to tax banks if they refuse to cut variable mortgage rates

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

The Government are considering plans to impose higher levies and taxes on banks if they refuse to cut variable mortgage rates, Tánaiste Joan Burton has warned. Health Minister Leo Varadkar also strongly hinted the Government will have to act if the banks do not move…

ECB leave interest rates unchanged

General, Home, Mortgages & Money, Property News

The European Central Bank has left its interest rate unchanged today, as had been expected. In July the ECB said it would keep rates at current or lower levels for an “extended period”. Their move today means that rates remain at a record low of…

Leitrim councillor expresses fears over property tax

General, Home, Mortgages & Money, Property News

A councillor from County Leitrim has aired his fears that the forthcoming property tax will drive struggling households deeper into the poverty trap. Cllr Sean McSharry asked: “How can a government ask homeowners to give an honest evaluation on homes that are in serious negative…

Increase recorded in number of people saving

General, Home, Mortgages & Money

Concerns about the future of the Eurozone last month saw Irish people increase the amount of savings they stow away, the latest Nationwide UK (Ireland)/ ESRI Savings index out today shows. Those that are able to save are doing so with a precautionary motive as…

Mortgage interest rates unchanged in May

Mortgages & Money, Property News

Mortgage interest rates payable by consumers remained largely unchanged in May, but are still lower than the eurozone average, according to the Central Bank. According to the financial watchdog’s May retail interest rate stats, published on Friday, average rates on outstanding loans to households for…

ECB now expected to leave rates untouched this month

Mortgages & Money, Property News

Economists now expect the European Central Bank to leave their rates untouched when they meet later this week. It had been reported last week that the ECB was set to cut mortgage interest rates to a record low of 0.75% after Eurozone inflation dropped below…

ECB urged to cut interest rates

Mortgages & Money, Property News

THE European Central Bank should cut interest rates and step up its bond purchase programme to support confidence and economic activity in the eurozone, the OECD has said. In its world economic outlook, the Organisation for Economic Cooperation and Development forecast that economic growth in…