Residential property prices rise across Ireland

Within the last 7 years there has been an upward trend for residential property pricing. So far, 2019 has continued to follow this trend, showing significant national growth each month; Dublin seems to stay at or above par in comparison to national average prices.  

Although this trend has been upwards, Ireland is still yet to reach the price levels that they had sustained in 2007. The current residential property prices in Dublin still falls at 22.5% lower than the highest period during the early 2000s, while the national values are 18.5% lower.

In 2018, the prices rose a total of 13.3% throughout the year, giving many sellers hope that the trend would continue forward into the following year. From February to March 2019, the prices increased 3.8%. March to April there was a 3.1% increase, which shows a smaller amount of increase, but it is still far from slowing down.

Dublin increased residential prices by 0.5%, leaving house prices and apartment rents increasing by the same 2.2% as the previous month.

It seems that Dublin and …

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KBC to move to lower LTV’s for ‘rural’ or ‘non-urban’ homes

KBC Have just announced that they are going to pull back on the loan to value (the amount they will finance on a mortgage) for ‘non urban’ properties, effectively all properties that are not in cities and towns. They have gone as far as defining this.

They are also not taking chances on higher end properties. We are of the opinion that non-apartment second hand homes are almost ‘the only’ market that is active and that at the higher end of the market the fallout will continue, this ties in with the KBC view – they are expressing that very concern by dropping LTV’s on loans over €400,000.

So the new situation is:

Home Purchaser – First Time Buyer or Mover Maximum LTV for loans up to €400K or  less

* Up to 90% for urban areas* * Up to 80% for all other areas

Maximum LTV for loans over €400K

* Up to 80%

* “Urban” locations defined as towns/cities with population of >15,000 and population centres within Meath, Kildare, Wicklow with population of > 3,000 (all at Lender’s …

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