Department of Finance working on water charges relief

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 Measures to ensure people who are not on social welfare or paying tax get relief on water charges will be brought forward at the committee stage of the Finance Bill, the Finance Minister has said. This follows controversy when it emerged that thousands of people would not be able to avail of the relief because they are Read More …

property prices up 15%

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Dublin apartment prices up 35% in the year to September Residential property prices at a national level increased by 15% in the year to September. Residential property prices rose by 1.8% in September from August. In Dublin, residential property prices grew by 2.5% in September on a monthly basis, while they were 23.4% higher than Read More …

Increase in housing activity

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House-building activity grew at its fastest rate in at least 14 years last month. The recovery in the Irish construction continues to gain strength. This is an encouraging sign that sustained, and badly-needed, increases in residential activity are now taking hold. Further solid gains in overall activity seem likely in the months ahead considering the rise of new Read More …

Insolvency Service suspends application fees

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 The Insolvency Service of Ireland has temporarily stopped charging application fees. The ISI said it had undertaken research which suggested the perceived cost of applying to the service was a barrier for the heavily indebted. Fees of between €100 and €500 were due in order to apply for protection from creditors and seek debt relief Read More …

Deals done on one third of mortgages in arrears

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Irish banks have concluded deals to improve repayment terms for over a third of the more than 100,000 mortgage holders in arrears. New figures show that sustainable solutions had been proposed to borrowers in 48,427 cases of the 108,304 mortgages in arrears over 90 days. The Central Bank have said that some cases would inevitably Read More …

Banks lose 70% of mortgage debt in bankruptcy

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An insolvency company has revealed that banks which lent mortgages to clients had to write off 68% of the outstanding debt under new insolvency law which was introduced a year ago. It is important to note that in all of the cases the borrowers lost their homes. These figures appear to relate to bankruptcies as the borrowers had applied Read More …

NAMA to fund development of 4,500 Dublin homes

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The National Asset Management Agency hopes to develop 4,500 Dublin homes by the end of 2016. There have been a number of calls in recent months for NAMA to do more to develop sites, particularly in the Dublin area, as a means of addressing the current housing. Of the 1,000 units that are ready for construction to Read More …