Investors feel pain of rate hikes

Dublin couples will be spending up to 38 per cent of their after-tax incomes on mortgage repayments later this month, and this will increase to 40 per cent by the end of the year, according to a study by the EBS building society and economic consulta

30th September, 2006

Dublin couples will be spending up to 38 per cent of their after-tax incomes on mortgage repayments later this month, and this will increase to 40 per cent by the end of the year, according to a study by the EBS building society and economic consultants DKM, published last week.

Only in 1982, when mortgage interest rates reached 15.7 per cent, were homeowners spending the same percentage of their income on mortgage repayments, according to Bank of...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

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