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    Archived pages: 512 . Archive date: 2012-07.

  • Title: Irish Property News
    Descriptive info: Irish Property News.. Home Buyers Guide 2009.. 14/02: First time buyers breathe life into property sector.. Yesterday's new figures from the Irish Banking Federation surprised.. The figures showed that there was a 20pc drop in the numbers of mortgages taken out last year.. That was expected.. But what was not expected was a continued strong showing from the first-time buyer.. Continue reading from source:.. Independent.. Back.. Mortgage Quote.. Property Surveys.. Snag Lists.. BER Energy Ratings.. Property Guides.. Property News.. Home Buyers Guide 2009.. HOME BUYER WEBSITES:.. 2009.. Pay Per Click.. by.. PPC Ireland..

    Original link path: /News/Details.asp?id=122
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  • Title: Irish Property News
    Descriptive info: Budget 2008: Mortgage Interest Relief Increases.. Minister for Finance, Brian Cowen, announced good news for first time buyers.. After already significantly increasing mortgage interest relief in the summer, he announced a further increase today.. Mortgage Interest Relief will increase to a maximum of 10,000 for a single person and 20,000 for a married couple.. This will result in extrax tax relief of up to 33 for a single person (increasing it up to a maximum 166.. 66 per month) and up to 66 for a couple per month (resulting in a maximum 333.. 33 tax back per month)..

    Original link path: /News/Details.asp?id=103
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  • Title: Irish Property News
    Descriptive info: Budget 2008: Stamp Duty Reform.. Stamp Duty will now not apply on the first 125,000 of the cost of a house.. A rate of 7% will apply between 125,000 and 1,000,000.. 9% will apply on the excess amount over 1million.. This will result in reduced stamp duty rates at all levels of house purchase.. The current exemption for first time buyers will remain owner occupiers buying new property will still be exempt on properties under 125 sq metres..

    Original link path: /News/Details.asp?id=102
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  • Title: Irish Property News
    Descriptive info: Budget 2008: Stamp Duty Claw back period reduced.. First time buyers are exempt from paying stamp duty.. This rule is retained.. But the rule requiring those benefiting from the exemption to live in the house for 5 years, will be reduced to 2 years..

    Original link path: /News/Details.asp?id=101
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  • Title: Irish Property News
    Descriptive info: Housing development is just one brick in the strong wall of the building sector.. With a turnover in excess of 36bn, the construction industry employs 280,000 people directly, a further 100,000 indirectly, and contributes nearly 12bn to the Exchequer annually.. The current downturn in house-building activity naturally elicits concerns as to the wider implications for the economy and  ...   pillars of construction and the improved outlook for the housing market in 2008.. The slowdown in housing output is occurring at a time when demand continues to be very strong for major urban regeneration projects, industrial and commercial construction, port and airport expansion, road and public transport investment, and for schools, colleges, hospitals, water and waste treatment facilities..

    Original link path: /News/Details.asp?id=99
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  • Title: Irish Property News
    Descriptive info: Banks cut back on discounted mortgage rates.. Brokers contacted by The Sunday Business Post warned that the credit crunch in the banking sector was resulting in banks tightening their criteria for offering discounts to customers with low loan-to-value (LTV) ratios.. These measure the relationship between a loan and the value of the property against which it is secured.. ThePost..

    Original link path: /News/Details.asp?id=98
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  • Title: Irish Property News
    Descriptive info: Challenging Times ahead for some sectors of the property market.. The report examines the potential for performance in each sector of the commercial property market in Ireland as well as commenting on the prospects for the new homes market and overseas investment markets over the next 12 months.. The report is relatively upbeat about prospects in some sectors of the Irish property market, stating that the commercial property market will weather the storm well in 2008.. However, it points out that other sectors of the Irish property market are going to find 2008 challenging.. CB Richard Ellis believe that activity in the residential sector in Ireland will remain relatively stagnant this year (particularly in the first half of 2008) and that house completions could realistically fall by another 30% during the next 12 months.. However, they remain very confident about prospects in the commercial occupier markets including the office, retail and industrial sectors on the basis that the Irish economy continues to perform relatively well in European terms and the balance between supply and demand in these sectors is well controlled.. They do however, warn developers to be mindful of the potential for oversupply in the retail sector, considering the quantum of new retail accommodation that has been built in Ireland in the last decade and the fact that consumer.. spending is expected to slow down in 2008.. CB Richard Ellis expect a noticeable increase in transactional activity in the hotel and pub property market during 2008 but point out that considering the current economic and financial backdrop and the difficulties being experienced in securing funding for development projects, that we are unlikely to see developers paying unrealistic prices for premises with alternative development values as was the trend in recent years.. They warn that competitive pressures will prove particularly challenging for many publicans over the course of the next 12 months.. CB Richard Ellis expects domestic investment activity to remain strong this year, buoyed by the continued strength of the occupier markets, which offer the potential for further, albeit slower, rental growth.. However, they point out that  ...   12 months led to significant price declines in this sector.. This, according to CB Richard Ellis, will lead to strong demand for well-located sites from opportunistic developers looking to acquire land at fair value this year.. Buyers with cash equity to invest will fare well in this environment, particularly if they are buying sites with long-term development potential.. With the prospects for the Irish property market more subdued than heretofore, particularly in the residential sector, CB Richard Ellis expect demand from Irish developers for good sites in the UK, most notably in London, to increase in 2008.. The property consultants believe that buyer apathy has yet to dissipate in the new homes sector.. While Government reform of stamp duty in Budget 2008 may help to improve sentiment over the course of the year, they believe that the new homes market will remain relatively stagnant in the early part of 2008.. They state that even if sentiment improves and buyer activity re-ignites there is still a considerable inventory of unsold housing stock to be absorbed and the level of housing completions could realistically fall by another 30% in 2008.. According to the author of the report, Marie Hunt, Director of Research at CB Richard Ellis Forecasting property market performance in the current climate is extremely difficult.. While we can monitor supply and demand with a reasonable degree of accuracy, influencing factors such as the performance of the Irish economy and the availability and cost of bank funding are largely dependent on what transpires in global economies and financial markets.. While we believe that 2008 will be a challenging year for some sectors of the property market, we are confident that while the first half of the year will be slow, strong underlying fundamentals should ensure that momentum picks up as the year progresses.. Many investors and developers will see 2008 as a year of good buying opportunities.. However, the key ingredient that will drive transactional activity is confidence and this to a large extent will be determined by wider global factors, which at this point are difficult to predict..

    Original link path: /News/Details.asp?id=97
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  • Title: Irish Property News
    Descriptive info: Consumers Encouraged to Makeover their Finances for the New Year.. Consumer Director, Mary O Dea said, The New Year is traditionally a time when people make resolutions to do all sorts of things, including sorting out their finances.. And as Christmas is usually the most expensive time of year for many people, now is a good time to look at your post-Christmas financial situation and start off the New Year as you mean to go on.. This might mean spending some time working out your budget, dealing with your debts, or starting to save regularly.. But whatever your financial concerns, the most important thing is to find out what you can do to address the situation.. The Financial Regulator s research shows that 7 in 10 people have money worries on their mind at least some of the time.. The financial issues that worry people include:.. · Not having any/enough savings 19%.. · Not being able to make ends meet 17%.. · Overspending at Christmas 17%.. · Paying off debts 16%.. · Not having a pension sorted out 10%.. · Not being able to get on the property ladder 7%..  ...   start the New Year by making a budget so you can take more control over your finances.. Budgeting will also help you to pay off your debts, avoid getting into further debt and save money for emergencies or to achieve your financial goals.. Our website itsyourmoney.. ie.. has a variety of resources, including an online budget planner, to help you get started.. While this research shows the range of people s financial concerns, a third of people said that nothing worries them about their finances.. It could be the case that they have their finances fully under control, or it could be that they have not given the matter much thought.. Even if you are fully confident about your financial situation, take a bit of time over the New Year to see whether you should make a few changes.. The Financial Regulator s personal finance website, itsyourmoney.. provides information to help people makeover their finances this New Year, with information and tips on budgeting, tackling your debts and starting to save.. The online cost comparisons can also help people to get value for their money on banking and insurance products..

    Original link path: /News/Details.asp?id=96
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  • Title: Irish Property News
    Descriptive info: Property players take a bullish outlook for 2008.. The most upbeat report of the day came from National Irish Bank, as their chief economist predicted a massive 60,000 housing units could be built in 2007, some 10,000 higher than consensus estimates.. Estate agents CB Richard Ellis carried on the feelgood factor,  ...   "inducements" currently in the housing market disappeared towards the end of 2008 as the market rebounded.. Meanwhile, AIB struck a decidedly cooler note in its monthly housing bulletin, and their economist is now predicting house prices will record drops of as much as 6pc in the first few months of 2008..

    Original link path: /News/Details.asp?id=95
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  • Title: Irish Property News
    Descriptive info: 10/1: Daft Report highlights dramatic shift in the housing market.. While asking prices remained largely static, closing prices consistently fell changing the market from a seller's to a buyer's market.. This shift combined with general uncertainty in the market led to a large build up in the stock of property available for sale, which peaked in September.. The last three months have seen a small reduction in the stock, possibly indicating a tentative renewal of activity in the market.. Commenting on the report, Ronan Lyons, economist at Daft.. ie, said "Daft.. ie's figures show that asking prices were static in 2007, while the ESRI/permanent tsb index shows that closing prices fell steadily throughout the year.. These two trends together mean that sellers can no longer expect to achieve 5-10% more than their asking price, as they might have up to late 2006.. Now at the start of 2008 sellers are typically expecting 5-10% less than their asking price.. Anecdotal evidence had suggested that many sellers were resisting offers below their asking prices for most of 2007.. The recent fall in stock, however, may be the first sign that vendor expectations are adapting to the new situation.. ".. In 2007, asking prices nationally  ...   optimism but also reasons why consumer confidence will remain fragile.. "Firstly, to the extent that the recent changes in stamp duty are seen as reducing uncertainty, they should lead to increased confidence.. Secondly, while economic growth rates will be lower than in previous years, they are not low relative to the rest of the EU, and taken with the growth in the population seeking housing should have a positive effect on demand.. "On the other side, threats of increases in the ECB rate have not gone away, and this will lead buyers to be cautious.. Furthermore, buyers may be affected by banks tightening their credit.. The behaviour of builders and developers in releasing stock for sale will also be important in certain parts of the market.. While many factors influencing the housing market remain positive, it is the level of confidence felt by consumers over the course of the year that will be crucial in determining the final outcome.. The full report contains an analysis of the housing market throughout 2007 on a county-by-county level, as well as an overview of regional trends and a commentary from Prof.. Frances Ruane, Director of the ESRI.. It is available online at.. www.. daft.. ie/report..

    Original link path: /News/Details.asp?id=94
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  • Title: Irish Property News
    Descriptive info: 10/1: ECB leaves rates unchanged as expected.. The benchmark borrowing rate for the now 15-nation single currency zone remained at 4% as the ECB measured twin threats from a spike in oil and food prices coupled with a banking crisis that followed the collapse of the US sub-prime housing market.. Of the two issues, inflation was a greater concern to ECB policy makers meeting in Frankfurt, among whom figured for the first time central bank governors from the Mediterranean islands of Cyprus and Malta, which adopted the euro on January 1.. Read More from Source:.. Rte..

    Original link path: /News/Details.asp?id=93
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    Archived pages: 512