Ireland Has World's Fastest Growing Property Market

Hope the powers that be have learned their lesson. From Jan 1st, banks will only be able to provide 80% mortgage and a maximum of 3.5 times the salary. This is a blunt instrument imo, to cool the property market. Its a load of blox. The property market was fueled initially by cash buyers over the last 2 years. Now international hedge funds are buying up estates/apartment blocks etc. First time buyers will have to save 20% deposit on top of paying their rent, which btw, has increased 30% in last 2 years, fueled by the banks not lending to ordinary folk who have, therefore, no chance of buying and have to rent. Its a landlord's market here. Wish we held onto our place in Dublin now!  

Irish Times

Hindsight Dermot, We all have tales of if only, but at the time it would have been the right decision for you. I have an Irish customer who has over 100 properties around Headingley, He had to sell a big house in Dublin to start the ball rolling, So yes he has tons of money, the one he always regrets selling is the one in Dublin,
Cant have it all Anyway Ray is now in a home because his marbles have gone, Fit but barking

Thats true. We sold it so we could be mortgage free when we built this one. That was a feckin waste cos we borrowed against the house when starting the business. We ended up with a feckin mortgage anyway. However, once bitten twice shy. Will NEVER borrow against the family home again.

3rdforum wrote:Thats true. We sold it so we could be mortgage free when we built this one. That was a feckin waste cos we borrowed against the house when starting the business. We ended up with a feckin mortgage anyway. However, once bitten twice shy. Will NEVER borrow against the family home again.

Sometimes you must to do something else.  Its the cheapest form of getting the dollars.
 Treat it like a bank account, no point sat doing nothing,

Just splashed out 200 notes on a new bike for Freddie, nice bike, engine fecked. Assessor wont notice the swap...... Also had to pay out 170 to get the other bike back out of the recovery yard, right racket that. At least I can get it back eventually. New trailer has been on overtime today, I'll invoice them £40 for that too, wont fit in the boot........