Entries by Dunne

Help to Buy incentive for first-time buyers

  The 2017 Budget saw the Government launch the much anticipated Help to Buy (HTB) incentive for first- time buyers. What is the HTB incentive? The HTB incentive is designed to assist first-time buyers with obtaining the deposit required to purchase/self-build a new home. Are you entitled to claim this? You are entitled to claim […]

Help to Buy- Budget 2017

A new scheme is being introduced to provide a rebate of income tax paid (but not USC or PRSI) over the previous 4 years for first time buyers buying a newly built principal private residence or equivalent self build, on or after 19th July 2016. The rebate will be 5% of the purchase price of the […]

Surge in approvals for home loans – but few are likely to buy

There has been a surge in the number of people getting approval for a mortgage, but many of these people being approved for a home loan are competing hard with each other for the few houses that are available and are unlikely to end up drawing down the mortgage, experts have said. In August, close […]

Central Bank told to change lending rules

Fianna Fail and Labour call for deposit cuts for first-time buyers struggling to get on ladder. First-time buyers are being frozen out of the housing market due to high rents coupled with the massive mortgage down payments they are forced to save due to the Central Bank rules. Young families hoping to trade-up are also […]

Homeowners warned about paying too much for house insurance

The Society of Chartered Surveyors (SCSI) has warned that homeowners may be overpaying for house insurance. It says they are paying for more cover than they can claim in the event that they need to rebuild their home– and overpaying on their insurance premium as a result. The most common mistake homeowners made was to […]

Good News for First Time Buyers

Half of mortgages approved in May were for first time buyers, according to new figures released by the umbrella group representing the Republic’s banking sector. A total of 2,675 mortgages were approved per month in the three months to the end of May up 8.7 per cent on the same time last year. The figures […]

House Sales continue to rise

The Banking and Payments Federation said more than 2,900 mortgages were approved in April. There was a sharp rise in the numbers of people approved for a mortgage in April, and homebuyers are now generally being approved for close to €200,000 in home loans, the figures also show. The Banking and Payments Federation said more […]

Future Developement for Maynooth

Cairn Homes hope to be building in Maynooth in the near future. They have a 6 acre site near to Moyglare and have contracted for an additional site adjoining it. This gives them the potential for a large development in Maynooth described as “a key student and Dublin Commuter belt community as well as a […]

Dublin third among European cities for real estate investment

Dublin ranks in the top three European cities for real estate investment for the last three years.   A new report by PwC/Urban Land Institute shows that sentiment is very positive for Dublin, with real demand coming from overseas companies.   Berlin is named as the top European investment market, followed by Hamburg, Dublin, Madrid […]

‘Flaws’ in system that denies homes flood insurance

The Central Bank needs to carry out an investigation into how insurance companies decide homes are at risk of flooding, a new report has recommended. A committee of TDs and senators has found evidence that insurance firms are using flood prediction maps to avoid providing cover for properties at the remotest risk. The Oireachtas Committee […]