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Second-hand houses in Dublin fall 21.5% in year

Charlie Taylor Irish Times 05.01.2010

Tax on second home yielded €56m

Emma Kennedy The Post 04.01.2010
Second-hand houses in Dublin fall 21.5% in year

The average cost of a second-hand property in Dublin fell by a further 4 per cent in the final quarter of 2009, writes Charlie Taylor .

Tax on second home yielded €56m

Almost €56 million was raised by local authorities last year from a tax on second properties. The €200 tax on ‘non-principal private residences’ was announced in the October 2008 budget.

Letting agency for returning Irish

Michelle Devane The Post 04.01.2010
Letting agency for returning Irish

A new property letting company has set up in Dublin to find homes for expatriates returning from the Middle East.

AIB chairman has mortgage at Bank of Ireland

DAN O'Connor, the banker widely expected to be coronated as AIB's executive chairman, this week faces excruciating embarrassment as it emerges that he holds mortgages with AIB's main rivals Bank of Ireland and Bank of Scotland.

Homeloans fall 50pc, but new buyers buck gloomy trend

Charlie Weston Personal Finance Editor Independent 13.11.2009
Nama’s focus should be to protect taxpayer

Finally, the legislation to establish the National Asset Management Agency (Nama) is passed. We now need Nama to get up and running as quickly as possible. Yet, despite amendments to the legislation and some improvements, a number of vital questions remain. Transparency and accountability in Nama’s operation is vital if these concerns are to be addressed. Further key policy decisions remain for our finance minister in dealing with the banking sector.

Homeloans fall 50pc, but new buyers buck gloomy trend

THE number of new homeloans given out by the banks and building societies has halved compared with last year, new figures show.

RPT-Irish lower house approves 54 bln-euro "bad bank" law

DUBLIN, Nov 12 (Reuters) - Ireland's lower house of parliament on Thursday approved legislation allowing the government to set up a "bad bank" to pay 54 billion euros ($81 billion) to cleanse banks of risky commercial property loans.

Hypo Real Estate Bank seeing improvements

German state-owned bank Hypo Real Estate today posted a net loss of €574m in the third quarter of 2009, a strong improvement from its loss of €3 billion the same time last year.

Ireland’s EU54 Billion Gamble on Banks, Property Nears Approval

Dara Doyle and Ian Guider Bloomberg News 12.11.2009

A little relief on mortgages

Irish Times 11.11.2009
Ireland’s EU54 Billion Gamble on Banks, Property Nears Approval

Nov. 12 (Bloomberg) -- The biggest financial gamble in modern Irish history is about to exit the realms of theory and enter the real world.

A little relief on mortgages

THE APPARENTLY unilateral commitment by banks to try to reach an accommodation with customers who fall into difficulties with the mortgages on their homes is welcome. It goes a step further than the obligation imposed on these institutions by the statutory code of conduct on mortgage arrears, which puts a six-month moratorium on legal action – extended to 12 months in the case of AIB and Bank of Ireland. The requirement by the banks that borrowers must co-operate in trying to find an alternative solution is reasonable.


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