Banking on significant change

Property analysts hope that government moves to support the state’s two major banks will entice more first-time buyers into the market, writes Emma Kennedy

7th March, 2009

With interest rates at historic lows and house prices continuing to tumble, affordability has certainly improved for first-time buyers.

Last Thursday, the European Central Bank (ECB) cut eurozone interest rates by half a percentage point to a record low of 1.5 per cent. This marks the fifth consecutive rate cut by the ECB, in a series of moves that have seen headline interest rates fall from 4.25 per cent since October 2008. Existing borrowers have...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago