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View Article  Irish economy goes into recession

The Irish Republic's economy has fallen into recession after shrinking for a second quarter in succession.

The Central Statistics Office (CSO) said gross domestic product (GDP) had contracted by 0.5% in the three months to the end of June.

The economy had shrunk by 0.3% in the first quarter of ...   more »

View Article  NI homeowners facing repossession

The number of Northern Ireland homeowners facing repossession orders after failing to keep up with mortgage payments is up by more than 30%.

The number of writs issued is at its highest level for five years.

More than 750 writs have been issued in the first quarter of this year, ...   more »

View Article  Trichet talks down rate cut hopes

European Central Bank (ECB) chief Jean-Claude Trichet has talked down the chances of a European rate cut.

The US central bank cut interest rates to 3.5% from 4.25% on Tuesday to stave off a recession, and some analysts had hoped that the ECB would follow suit.

 

However, in a ...   more »

View Article  Tax cut as Irish housing market cools

Brian Cowen, the Irish finance minister, has moved to stimulate the country's housing market in his annual budget, cutting the tax paid on house sales in a bid to prevent a hard landing for the economy.

The move comes amid new evidence that house builders are slowing down their activities ...   more »

View Article  Tax cut as Irish housing market cools

Brian Cowen, the Irish finance minister, has moved to stimulate the country's housing market in his annual budget, cutting the tax paid on house sales in a bid to prevent a hard landing for the economy.

The move comes amid new evidence that house builders are slowing down their activities ...   more »

View Article  Economists slash Irish house price forecasts

Irish economists have chopped their forecasts for 2007 house price growth for the second month in a row as the country's property market cools after a decade of jaw-dropping gains, a Reuters survey showed on Thursday.

It also showed a small downward revision in expectations for gross domestic product growth ...   more »

View Article  Ireland to abolish stamp duty for first-time buyers

Irish Finance Minister Brian Cowen on Wednesday published proposed legislation that will exempt first-time house buyers from paying a stamp duty levy on their new homes.

The bill, which Cowen hopes to get enacted before lawmakers begin their summer break on July 5, will end months of uncertainty that analysts ...   more »

View Article  Irish house prices witness slowdown

Around about the start of the 1990s, unprecedented economic growth began in Ireland. This phenomenon was christened 'the Celtic Tiger'. And rightly so, when one takes into account the ferociousness of this growth.

During this extremely prosperous time, Ireland went from being one of Europe's poorest countries to being perhaps ...   more »

View Article  Irish house price woe

This latest fall comes after a drop in March that marked the first monthly decline in over five years, a survey showed on Wednesday.

The average price of a house in Ireland fell 0.8 percent in April versus a 0.6 percent drop the previous month according to the permanent TSB/ESRI ...   more »

View Article  Irish house-building boom steadies

Much has been said of late about the level of housing development in Ireland, with some concerns being expressed as to whether Ireland’s housing market is oversupplied.

There is no doubt that Ireland has enjoyed a very buoyant period of expansion in recent years, significantly ahead of our European counterparts....   more »

View Article  Prices fall in Dublin

A new survey has revealed that property asking prices in Dublin have dropped by over ten per cent in some areas.

Year on year growth in asking prices has been slowing consistently over the last twelve months and stood at just 2.1 per cent in April last year, according to ...   more »

View Article  FREE groundbreaking property investment magazine

Sign-up today for a new, FREE groundbreaking property investment magazine:

"Expert opinion, comment and analysis from property industry insiders brought straight to your door."

http://www.jet-to-let-magazine.com

 

   more »
View Article  OECD forecasts mild world economic slowdown

The US housing downturn will provoke a "mild" but short-lived world economic slowdown next year, the Paris-based Organisation for Economic and Co-Operation said on Tuesday, as it downgraded its growth forecast for the world's wealthiest nations.

In its twice-yearly Economic Outlook, the organisation charged with improving the economic prospects of ...   more »

View Article  Market Preview: ECB expected to raise rates this week

The latest interest rate decisions by the Bank of England and the European Central Bank, due on Thursday, provide the central events of interest this week but there will be plenty of economic data for investors to absorb.

The ECB is widely expected to raise eurozone rates to 3.25 per ...   more »

View Article  Beware non-regulated property investment funds

I am often asked, "What do you think of XYZ property investment fund?"

My answer is always, "Is it regulated by the Financial Services Authority (FSA)?

If the answer is "Yes" I will then ask for the details, pricing, weighting, fund manager's experience etc..............make a few comments and then invite ...   more »

View Article  Financial advantages of a short-term holiday let

Marc Hoydonckx has an attractive villa with a pool in Brussels and an apartment in Sotogrande, Spain. Since he likes using both of them himself from time to time, he doesn't want to rent either out on a long-term basis. Instead, he covers his upkeep with just a ...   more »

View Article  The Jet-to-Let Bible reaches Amazon bestseller spot before publication

The Jet-to-Let Bible: the secrets of overseas property investment has stormed to Number 1 Bestseller in its category on Amazon, even before a single page has been printed.  It is also in the top 10 of all property investment books, beating such notables as Donald Trump.

 

The book, ...   more »

View Article  Property Networking Events - Liverpool (7th) and London (12th) June

Dear Investor

 

We will be holding 2 property investment networking evenings on Wednesday 7 June in Liverpool and Monday 12th June in London, both starting at 7pm and they are open to any investor, whether a member of our community or not.

 

The evenings will be informal ...   more »

View Article  Irish Property Prices Rise by 1.4%

Daft.ie, Ireland's biggest property site, today released its Daft Quarterly Report for Quarter 4, 2005. The report provides an analysis of trends in the Irish property market and a comprehensive overview of house prices and rental performance across all major Irish cities.

This report introduces the Daft House ...   more »

View Article  Dublin Property Prices up 460% in 30 years

Dublin property prices have jumped in real terms by 460% in the last 30 years - the highest rise in Europe.

Rising property prices accompanied the remarkable success of Ireland's economy as it went from poorest in Europe in 1973 to the second most wealthy in terms of ...   more »

View Article  Dublin Sharkwatch Community of Property Investors Meeting

We will be hosting a Sharkwatch Community of Property Investors event in Dublin Tuesday 7 March 2006. 

The details of the venue will follow.

To register please e-mail the office at i...   more »