Menu
03/12/2007
Budget Will 'Make Or Break' Housing Market
The Irish Government is again under intense lobbying pressure in advance of this week's 2008 Budget.
This time it is the mortgage brokers who are warning that decisions made in the Budget would make or break the housing market in 2008.
Backing up the claims, research by IIB Bank and the Irish Mortgage Advisors Federation shows that half of brokers are reporting weaker market conditions in recent months.
In fact, four out of 10 surveyed believe a cut in interest rates would help the market, but more than one-third say a boost in confidence in the Irish economy would have the biggest impact.
They say if Minister for Finance Brian Cowen cannot boost confidence in Wednesday's Budget, the market will continue to slide next year.
(BMcC)
This time it is the mortgage brokers who are warning that decisions made in the Budget would make or break the housing market in 2008.
Backing up the claims, research by IIB Bank and the Irish Mortgage Advisors Federation shows that half of brokers are reporting weaker market conditions in recent months.
In fact, four out of 10 surveyed believe a cut in interest rates would help the market, but more than one-third say a boost in confidence in the Irish economy would have the biggest impact.
They say if Minister for Finance Brian Cowen cannot boost confidence in Wednesday's Budget, the market will continue to slide next year.
(BMcC)
Related Irish News Stories
Click here for the latest headlines.
27 February 2013
Unemployment Falls For First Time Since 2008
The number of people in employment rose by 1,200 in 2012, the first increase since 2008. The Central Statistics Office’s (CSO) Quarterly National Household Survey for the fourth quarter of 2012 reveals a decrease in unemployment of 19,200. 18,000 people leaving the labour market account for the majority of this figure.
Unemployment Falls For First Time Since 2008
The number of people in employment rose by 1,200 in 2012, the first increase since 2008. The Central Statistics Office’s (CSO) Quarterly National Household Survey for the fourth quarter of 2012 reveals a decrease in unemployment of 19,200. 18,000 people leaving the labour market account for the majority of this figure.
16 May 2008
'Large Irish Presence' At Cannes
The focal point for the Irish film industry at the Cannes Film Festival, the Irish Pavilion, has opened again for business this week, with over 200 of the leading lights of the Irish film industry flying out to the festival to promote and sell new Irish cinema.
'Large Irish Presence' At Cannes
The focal point for the Irish film industry at the Cannes Film Festival, the Irish Pavilion, has opened again for business this week, with over 200 of the leading lights of the Irish film industry flying out to the festival to promote and sell new Irish cinema.
31 March 2009
Ireland Loses Highest Credit Score
As next week's 'emergency' Budget looms, the Irish Republic's top 'sovereign' credit rating has been cut. The agency, Standard & Poor's (S&P) downgraded the rating on Government debt by one notch from a AAA rating - which is the highest - to AA+.
Ireland Loses Highest Credit Score
As next week's 'emergency' Budget looms, the Irish Republic's top 'sovereign' credit rating has been cut. The agency, Standard & Poor's (S&P) downgraded the rating on Government debt by one notch from a AAA rating - which is the highest - to AA+.
05 April 2011
RIR Afghanistan Parade Opposed
The Royal Irish Regiment has begun its return to the UK after almost seven months in Afghanistan - but there's also controversy in the North as a return parade there is to be opposed by republicans.
RIR Afghanistan Parade Opposed
The Royal Irish Regiment has begun its return to the UK after almost seven months in Afghanistan - but there's also controversy in the North as a return parade there is to be opposed by republicans.
10 February 2010
Cowen Reassures As Opposition Panics Over Bank Withdrawal
The Taoiseach has stepped in to reassure Halifax customers after the bank announced this morning it was pulling out of the Irish market. Meanwhile however, the Opposition party Fine Gael have been prompted to ask if other banks are following the move.
Cowen Reassures As Opposition Panics Over Bank Withdrawal
The Taoiseach has stepped in to reassure Halifax customers after the bank announced this morning it was pulling out of the Irish market. Meanwhile however, the Opposition party Fine Gael have been prompted to ask if other banks are following the move.
-
Ireland WeatherToday:After a mainly dry and bright morning cloud will increase as the wind strengthens from early afternoon with showers spreading east later. The strong afternoon wind will reach gale to severe gale force along the coasts. Maximum temperature 11 °C.Tonight:Showers die back to western parts from the evening, leaving much of the night dry with clear spells. Showers spread east again towards morning. Gales ease somewhat, a windy night. Minimum temperature 0 °C.
