News
The number of social housing units in Ireland needs to double by 2030, according to think-tank Social Justice Ireland. Its recommendation is made in a submission to the Department of Housing as part of a review of housing policy. Social Justice Ireland (SJI) said the Government needs to set a target of 20% of all…
Read MoreIt was undoubtedly a week of mixed emotions for prospective first-time buyers. On the one hand, a glimmer of hope came through the clouds of affordability with details announced of the government’s shared equity scheme. Elsewhere, aspirant buyers were left disappointed and angry when news emerged that the bulk of houses in at least two…
Read MoreThe Minister for Finance is to bring forward proposals to Government to gradually cap the interest rates that moneylenders can charge. At present, moneylenders are allowed to charge interest rates with an Annual Percentage Rate (APR) of up to 187%. Interest rate caps on moneylending are in place in 21 EU countries, including Germany, France…
Read MoreHousehold net worth reached a record high of €855bn in the final quarter of last year due to an increase in deposits and savings, according to new data from the Central Bank. Household net worth rose by 2.9% or €24bn in the final three months of the year. Household savings continued to increase, up by…
Read MoreNew figures from the Central Statistics Office show that the Covid-19 crisis continues to have a significant impact on the labour market here in April. The CSO said that the standard measure of Monthly Unemployment stood at 5.8% in April. But it added that its Covid-19 Adjusted Measure of Unemployment indicates a jobless rate as…
Read MoreActivity in the services sector accelerated to hit a 14-month high in April as the country began a gradual loosening of Covid-19 restrictions, a survey showed today. The Government last week said it would press ahead with plans to reopen all retail stores, personal services and non-residential construction in May. Hotels, restaurants and bars will…
Read MoreDiscussions on how to stop financial investment companies buying large sections of housing estates are likely to continue across Government departments today. Taoiseach Micheál Martin has pledged that the Government will immediately deal with what he termed the “unacceptable” situation where first-time buyers are being forced to compete with institutional investors for homes. The shortage…
Read MoreThe Exchequer recorded a deficit of €7.6bn in April, up from €7.5bn at the same time last year. The deterioration is down to increases in current expenditure. Despite this, tax receipts in the month were 8% higher than expected, driven mainly by higher levels of income tax. Taxes overall were 20.3% or €519m higher than…
Read MoreEntrepreneurs have been invited to apply for Enterprise Ireland’s €1m Competitive Start Fund (CSF) which is now open for applications from founders of early-stage start-ups. The competition is open to early-stage companies from all sectors with an eligible innovative product or service set for global markets. The fund will award up to €50,000 in equity…
Read MoreThe Government’s proposed new housing legislation will include a plan to cap the price of affordable housing using seven different rates across the country. This will apply to the shared equity scheme where the State would take a stake of up to 30% in a home to keep the price affordable. The first-time buyer would…
Read More