Statement from Construction Industry Federation on Central Bank mortgage review
Tom Parlon, CIF Director General Following the review of mortgage measures announced by the Central Bank today, CIF Director General, Tom Parlon, stated: “The CIF recognises that the Central Bank’s macro-prudential rules are part of a necessary regulatory framework within the Irish banking system. Today’s changes to the deposit rules may assist first-time buyers in […]
Central Bank mortgage requirement changes are boost for Irish house building
Key changes designed “to improve the sustainability and effectiveness of the current framework” The Ceiling on the loan to value (LTV) ratio for all first time buyers to be set at 90%, from the current 90% for loans up to €220,000 and 80% for the balance of loans above €220,000. This will enable first-time buyers […]
ESRI warning for house construction sector
ESRI Warning: Fewer houses will be built due to Central Bank mortgage lending limits impact on house construction The latest Quarterly Economic Commentary (Autumn 2016) from the ESRI (Economic and Social Research Institute ) predicts continued economic and jobs growth, but carries a warning for house construction. A Research Note titled An Empirical Assessment of […]