households Archives - MyHome.ie Advice & Blog

NESC warns of hard choices ahead if Ireland is to meet its housing needs

Hard choices are ahead, if Ireland is to meet the housing needs of its population in a sustainable and affordable way. A new report from the National Economic and Social Council (NESC) shows that certain groups will struggle to achieve homeownership—those on low incomes, single…

Bank lending to households falls by 4.3%

General, Home, Mortgages & Money

Bank lending to households declined by 4.3% in the year to August, new Central Bank figures show. Mortgage lending was down 2.3% on an annual basis, while other types of bank lending fell by 10.3%. The Central Bank said that households' repayment of debt continues…

Households continue to pay down debt and save more

General, Home, Mortgages & Money

Irish households are continuing to pay down their debts to the banks and are saving marginally more, new figures show. The total credit to households outstanding on the balance sheets of the main banks was down 1.5% in the first quarter of 2013, or…

Lending to households falls further in March

General, Home, Mortgages & Money

The latest Central Bank money and banking statistics show saving and repaying debt remained the dominant trends among Irish consumers in March. The monthly figures show a decline of 4.1% in loans outstanding to Irish households over the 12 months to the end of…

One in four would fall into arrears with an extra bill of €50 a month

General, Home, Mortgages & Money

The financial problems facing a large number of households has been laid bare by a new study from Amarach Research, which has found that a dip of just €50 into their monthly income is enough to put them into arrears on their bills. The new…

Revenue to chase 400,000 who have yet to pay household charge

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Local authorities are preparing to hand over a database to the Revenue Commissioners that will help identify almost 400,000 households who have yet to pay the household charge. New figures show almost 1.2 million – or 73 per cent – out of an estimated 1.6 million liable…

Disposable income in Irish households up 2.5%

General, Home, Mortgages & Money

The disposable income of Irish households rose by 2.5 per cent last year as a result of higher wages and increased profits of the self-employed. Figures published by the Central Statistics Office (CSO) show households’ gross disposable income rose to €86.27 billion last year, up from €84.19…

Over 7,000 have now paid property tax

General, Home, Mortgages & Money, Property News

The Revenue Commissioners has issued 714,470 local property tax letters to households so far. In a statement at the weekend, it said that it had received 5,567 electronic returns from property owners and a further 1,436 returns on paper. There have been 11,687 calls to…

More than half of us borrow to pay essential bills

General, Home, Mortgages & Money

More than half of Irish households are forced to borrow money to pay essential bills, according to a new survey from uSwitch.ie. The report founds that 57% of us dip into savings or borrow from family and friends in order to make ends meet while…

Over 1.5 million have less than €50 to spend after bills are paid

General, Home, Mortgages & Money

Over 1.5 million people have €50 or less left over at the end of the month after their essential bills have been paid, according to a survey. The latest 'What's Left' Tracker by the Irish League of Credit Unions also found that 90% of…