Michael Noonan Archives - Page 11 of 12

Government pledges support for those struggling with mortgages

We all have our New Year resolutions and Taoiseach Enda Kenny has insisted that the government’s will be to help those struggling with mortgages and negative equity. An implementation plan on how to deal with the thousands of homeowners in distress has been authorised by…

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Less than €200 million in stamp duty collected last year

Mortgages & Money, Property News, The First Time Buyer, The Investor

Just €198.6 million was collected in stamp duty last year in Ireland – a huge drop from the €3 billion that was gathered at the height of the property boom in 2006. New figures released by the Department of Finance show how big a drop…

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Retailers hit out at government U-turn on rents

Mortgages & Money, Property News, The Investor, The Renter

Retail Excellence Ireland insists that the Fine Gael/Labour government’s decision to renege on commitments to tackle the two-tier rent system in Ireland will lead to the closure of stores around the country and the loss of countless jobs in the coming months. The group estimate…

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NAMA review group appointed

Property News, The Investor, The Renter

The National Asset Management Agency has published details of how it approves rent reductions where the viability of businesses is threatened. The publication followed the announcement by the Minister for Finance Michael Noonan that the Government had abandoned plans to scrap upward-only rent reviews. Mr…

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First time buyers could save €35,000 by buying next year

Mortgages & Money, Property News

First-time house buyers could save €35,000 by buying a house next year. The incentive, introduced in Tuesday’s Budget to kick-start the property market, is only on the table until the end of 2012. Under the deal the house buyer will get up to €5,000 a…

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Minister describes property market as "an essential ingredient of future growth"

Mortgages & Money, Property News

Minister for Finance Michael Noonan has described the property market as “an essential ingredient of future growth”. Defending his decision to put incentives in this week’s Budget aimed at kick-starting the property market again, Minister Noonan admitted that the decline in the industry was having…

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NAMA urged to take on more loans

Mortgages & Money, Property News

A report commissioned by Minister for Finance Michael Noonan on NAMA has urged it to take on more loans. A total of 780 borrowers have had their loans acquired by the National Asset Management Agency but only 180 are managed directly by NAMA, with the…

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Budget changes welcomed but MyHome.ie boss feels property price rises are a "long way off"

Mortgages & Money, Property News

Measures to kick-start the property market in Tuesday’s Budget have been welcomed by Ireland’s largest property website, MyHome.ie. Minister for Finance Michael Noonan altered the rules regarding mortgage interest relief to encourage first time buyers to get on the market in 2012. His announcement was…

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Bank of Ireland to make €1.5bn available in mortgage lending next year

Mortgages & Money, Property News

Bank of Ireland says it will be making €1.5 billion available to customers buying their first home or moving home next year through a new mortgage fund. The bank said the fund would act as a further support to first-time buyers following measures announced in…

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Stamp duty cut on commercial property

General, Mortgages & Money, Property News, The Investor

Stamp duty on commercial property, including farmland transactions, was slashed from 6% to a flat rate of 2% from midnight last night following changes in Tuesday's Budget. Any commercial property deals concluded from last night until the end of 2013 will be exempt from capital…

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