housing supply Archives - MyHome.ie Advice & Blog

Budget 2017 could have big implications for the housing market

Budget 2017 will be announced next week with plenty of interest in it from a property perspective. The Government is widely expected to introduce a number of measures to address the lack of housing supply, with not only a ‘Help-to-Buy’ scheme mooted but also potentially…

General

Housing crisis will last years, says ESRI

Blog, General, Home, Property News

The housing crisis is set to go on for years because not enough homes will be built. That's the view of the Economic and Social Research Institute (ESRI) who said yesterday that 25,000 houses will have to be built every year to meet growing levels of…

Building

Reduced social housing quota set to lead to rise in building activity

Blog, Building, General, Home, Land, Property News, The Investor, The Overseas Investor

A significant increase in housebuilding is expected in coming months as builders take advantage of new, reduced requirements for the provision of social housing. Minister for the Environment Alan Kelly has directed all local authorities to begin enforcing new regulations on developers that include a reduction in…

General

Central Bank concern over growing house prices

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

House prices here are growing faster than during the boom, according to the Central Bank. The bank said this week in its Macro Financial Review that the growing rise in house prices posed a danger to our economic recovery and cautioned against the mindset that…

ESRI insists current property market conditions do not justify Central Bank’s proposal for 20% deposit

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

The Economic and Social Research Institute has said current conditions in the property market do not justify the introduction of a fixed higher deposit and lower loan to income ratio, as proposed by the Central Bank. The Institute said the bank should instead have a variable system…

ESRI expert warns about implications of housing shortage

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

Young people will end up living with their parents until they are 35 unless the housing supply increases, Economic and Social Research Institute research professor John FitzGerald has said. “We need to go back to building 25,000 houses per year or all the young people…

Number of homes being built in Dublin "needs to treble"

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

The number of family homes being built in Dublin needs to treble in order to meet pent-up demand, Transport Minister Leo Varadkar has said. Mr Varadkar said the Government was likely to introduce further measures to stimulate the construction sector. But he said that housing supply must…

IBF warns against housing shortages in certain areas

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

A new monitor of housing market activity, published today by the Irish Banking Federation (IBF), points to the need to ensure that a housing supply shortage does not arise in certain areas. It also indicates what the future requirement for first-time buyer mortgages might be…