Renting now dearer than many mortgages
FIRST-TIME buyers can save hundreds of euro a month by buying a property instead of renting, according to a comparison index compiled by wealth management firm Financial Engineering.
The index reveals that monthly repayments on many mortgages are half what they were two years ago and in some locations almost €200 cheaper than rental costs.
Chap.ie goes from strength to strength
The CIF new homes web site www.chap.ie launched in February, continues to go from strength to strength, having now recorded in excess of 50,000 unique visits from people interested in getting on to the property ladder in Cork.
Chap.ie is unique in that it concentrates solely on the new homes market and unlike most other property web sites, Chap.ie links the user directly to the builder of the new house or apartment, removing the involvement of the selling agent and simplifying the process of buying a new home.
New Homes Fair Makes a Successful Return to Cork
Wednesday April 22nd in the Imperial Hotel Cork saw the successful return of the CIF Cork New Homes Fair. The volume of people in attendance has proven once again that there is still great interest in the new homes market in Cork.
Salary levels needed to get mortgage plunge 50%
The minimum salary needed to secure a mortgage from a bank has plunged by as much as 50% over the last two years, according to a new report.
New Homes Fair Returns to Cork – Wednesday 22nd April 2009
After successfully running two Cork New Homes Fairs in 2008 which saw over 1,200 people pass through the doors, the Construction Industry Federation is delighted to announce details of the next New Homes Fair, which will take place in the Imperial Hotel, South Mall, Cork, on Wednesday 22nd April 2009, between 5-9 p.m.
ECB rates reach new low
HOMEOWNERS are in line for a seventh reduction in mortgage rates next month after they were cut to a new low yesterday.
But there was disappointment when the European Central Bank (ECB) cut was less than had been expected.
Mortgages to fall again as ECB cuts rates to record low
THE EUROPEAN Central Bank has cut interest rates to an all-time low and signalled that a further cut is likely, after it issued a gloomy new economic forecast predicting a deep and lengthy recession for the euro zone.
Bank of Ireland ups ante in first-time buyer battle with €1,000 cash offer
THE battle waged by banks and building societies to capture first-time buyers has intensified after Bank of Ireland said it would pay €1,000 to those who take out their first mortgage with it.
Boost for homeowners as rates set to drop again
HOMEOWNERS will rack up monthly savings of up to almost €500 since September if interest rates, as expected are slashed to their lowest level ever next week.
The European Central Bank (ECB) is expected to cut rates by 0.5%. The move would result in savings of €493.03 for standard variable mortgage holders on a e300,000, 30-year home loan since September.
New Cork Property Website www.chap.ie gets almost 11,000 visits in 10 days
The Cork New Homes Website chap.ie (Cork Homes and Properties) has proven to be an instant success with the house buying public in the first 10 days since it was launched, with huge levels of traffic to the site recorded.
