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Property to stagnate till 2012

Inside Ireland 20.01.2010
Property to stagnate till 2012

An increase in house building is unlikely before 2012 according to a report out from Goodbody Stockbrokers.

Irish Property Crash:  "Thank God, I'm not still a chartered accountant"

Irish Property Crash: When the base rate in the UK hit 15% in 1990, the commercial property market crashed in London and a high profile developer victim later told the Financial Times that in the few short boom years that were fuelled by tax cuts and good feeling from privatisations, he used to wake up every morning thinking:"Thank God, I'm not still a chartered accountant."

Pension fund switches some assets to property

Geoff Percival Irish Examiner 18.01.2010
Pension fund switches some assets to property

PENSION investors should consider switching their investments from cash back into the property market, according to one prominent financial services executive, due to the increasingly attractive values in the marketplace.

Dealing with Irish banks’ huge debt

Dealing with debt is going to be one of the themes of 2010 - for developers, businesspeople, mortgage holders and, indeed, for the state. The most damaging legacy of the boom years is the massive indebtedness of many households and businesses.

McNamara’s meltdown

Richard Curran The Post 18.01.2010
Estate agents demand bidders show proof of loan approval

House-hunters are now being asked to show proof of their loan approval before estate agents will accept offers on second-hand homes.

McNamara’s meltdown

The €65 million High Court judgement that was granted against property developer Bernard McNamara last week did not bring his business empire crashing down. That had already happened.

NCC says property tax necessary

Brian O’Mahony Irish Examiner 15.01.2010

When repossession of your home is not enough for the bank

DOMINIC COYLE The Irish Times 15.01.2010
NCC says property tax necessary

UNLESS the tax base is broadened to repair the public finances income taxes will have to be raised, the National Competitiveness Council (NCC) has warned.

When repossession of your home is not enough for the bank

Q I CANNOT understand why, if a bank lends money to buy a house and the buyer defaults on the loan, the bank repossesses the house, and the buyer still owes the bank the balance between the loan and the money the bank will get for selling the property (with negative equity). If it thought the house was worth as much as the loan and the house was collateral against the loan, why is it not enough for it to take the property, as surely this was the “ agreement” in the first place and the buyer (or borrower) is free of its obligations to the lender once it has repossessed the property?

Property Investor

JACK FAGAN The Irish Times 14.01.2010
No big property bounce in 2010 - report

Property consultant CB Richard Ellis says 2010 will be another tough year for the commercial property market. It also says investment property values have fallen by 60% from their peak.

Property Investor

Expect more developers to pursue buyers through the courts to complete contracts


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