Thursday July 2, 2020

New mortgage rules meet limited supply, and house prices will soar

First-time buyers may welcome relaxed mortgage rules, but expect higher prices

27th November, 2016
3
The help-to-buy-scheme for first-time buyers has opened for applications

Residential property prices have risen by 61 per cent since they hit rock bottom in the middle of 2012. For buyers at the lower end of the market, who are typically first-time buyers, competition has never been more fierce and changes to the Central Bank’s mortgage restrictions are likely to push prices at the lower end of the market up again.

The largest price increase from July to September was for property priced under €250,000,...

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