Michael Noonan Archives - Page 4 of 12 - MyHome.ie Advice & Blog

Property Tax to be reviewed

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

Minister for Finance Michael Noonan has commissioned a review into the Local Property Tax in the context of house price rises. Fianna Fáil earlier called on the Government to postpone next year's valuation date for the tax, saying homeowners would face higher bills if it…

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General

First time buyers will now require a 10% deposit while all other purchasers will need at least 20%

Blog, General, Home, Industry News, Market News, Mortgages & Money, Promoted, Property News, The First Time Buyer, The Investor, The Overseas Investor, The Seller

The Central Bank will offer some relief for first-time buyers under revised rules on mortgage lending. Prospective home-buyers will have to save bigger deposits under the regulations. Banks will only be able to lend up to a maximum of 80% of a property’s value for most owner-occupiers. However, they will…

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Number of housing measures implemented in Budget 2015

Building, Commercial Blog, General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer, The Investor, The Overseas Investor, The Renter, The Seller

While Tuesday’s Budget mainly focused on the end of austerity, there were a number of measures implemented that will have an impact on the property market in the next year. Amongst the main points were: • Refund on DIRT on savings for first time buyers…

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NAMA could deliver a surplus of up to €1bn

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The National Asset Management Agency is likely to deliver a profit on the bad property loans it bought from the Republic’s banks when its finishes its work, according to its chairman, Frank Daly. The organisation reported yesterday that, in 2013, it made a final surplus…

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Government unveils €200m stimulus package for construction sector

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

The Government has announced of a package of measures aimed at stimulating activity in the building industry. Taoiseach Enda Kenny said the central aim of the strategy was to triple housing output by 2020, and at the same time create 60,000 jobs in the sector.…

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NAMA may be used to control rising property prices

General, Home, Mortgages & Money, Property News

The Minister for Finance said he has asked the National Asset Management Agency to see if it can use land it controls to temper rising property prices, particularly in Dublin. Speaking to the Oireachtas Finance Committee earlier this week, Mr Noonan said previous efforts to control prices through stamp duty had…

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Demand for homes sparking mini-frenzy, but not quite a bubble

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

There has been a lot of talking up about the property market since the start of the year but Minister for Finance Michael Noonan tried to bring some calm to the situation earlier this week when he said there was no second bubble emerging. Perhaps…

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Noonan plays down fears of a new housing bubble

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

Finance Minister Michael Noonan has denied that another housing bubble is developing in Ireland, and said he is going to use NAMA to help tackle the housing shortage. Mr Noonan said that the asset management agency, working in cooperation with developers, can lead to over…

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Government "concerned" by limited supply of property in Dublin

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

Minister for Finance Michael Noonan has said the Government is "concerned" about the limited supply of property available in the Dublin area and the consequent rising prices. Speaking in Brussels, Mr Noonan said he would like if the National Asset Management Agency could "assist in…

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Arrears at sub-prime lenders three times higher than national average

General, Home, Mortgages & Money, Property News

The level of mortgage arrears among sub-prime lenders is three times higher than the national average, according to figures released by the Department of Finance. Some 56 per cent of sub-prime mortgages are considered to be more than 90 days in arrears, compared to the…

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