... Mortgage General
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New research suggests that as many as 170,000 people will fall into negative equity by the end of next year if house prices continue to drop.
The research, by Goodbody Stockbrokers, expects that by the end of 2009 house prices will have fallen 30% from their peak in 2007.
Combined with the fact that one in three [...]
New figures from property website Daft.ie show that house prices have fallen again.
It says the average price of a house is now €312,500, and that an average fall of 3.8% in house prices was recorded between July and September.
Prices are down by almost 11% compared to the same period last year.
Clare and Cork are the [...]
Figures from the Central Bank show that the annual rate of growth in mortgage lending dropped to its lowest level in 21 years in August.
Residential mortgage lending was up 9% compared with the same month last year, the lowest annual rate since mid-1987.
The increase in mortgage borrowing in August was €508m, just over half the [...]
Growth in mortgage lending dropped below 10% for the first time in more than 20 years in July.The Central Bank says its latest figures underline how much activity in the housing market has dropped.
The amount of money owed in mortgages grew by 9.6% in the year to July - the first time this figure has [...]
Mortgages scare some people and if you are reading this because you are considering a mortgage then hopefully it will help you realise that while buying a property is a big undertaking, getting a mortgage doesn’t need to be. In this article there are some questions, answers, and a few general tips to bear in [...]
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