Lenders say law ‘will push up mortgage lending rates’ LEGISLATION to regulate the sale of mortgages to vulture funds will push up interest rates on home loans, the Banking and Payments Federation said. And the No Consent, No Sale bill will also make it harder for banks to raise finance to fund mortgage lending. This […]
Author: Practicenet
Irish property market ‘leads way in Europe’ Growth in Ireland’s property market remains “significantly ahead” of the rest of Europe, according to the European arm of US investment giant Starwood Capital. The European division said Dublin features low vacancy rates in prime offices, hotels that have the top occupancy rates of all cities in Europe, […]
The big impact of Brexit on Ireland’s small businesses Opinion: there is no doubt that Brexit will impact small businesses, but the impact is and will be different for different sectors The economic and political uncertainty surrounding Brexit is a constant in our news cycle since the referendum in the UK in 2016 and there […]
Oil consumption here continues to increase with diesel volumes up 42% last year The organisation representing the petroleum industry here has pledged to play its part in Ireland’s transition to a low carbon and environmentally sustainable economy. But the Irish Petroleum Industry Association (IPIA) says moving to such an economy requires a clear understanding of […]
Mortgage rules and Brexit cause Dublin house prices to fall Brexit is continuing to cause uncertainty at the upper ends of the property market here. That’s according to agent REA, which says the market has segmented into two groups – those who need to buy and those who are able to choose when they can […]
Government pledges to generate 70% of electricity from renewable sources by 2030 The Government has pledged to generate 70% of the country’s electricity supply from renewable sources by 2030. The figure is up from the current target for the period, which stands at 55%. The commitment will form part of the new climate action plan […]
Ireland jumps to fifth in the world for competitiveness Ireland has become the fifth most attractive country in the world to do business in, according to a new study. Ireland has risen by two places in the latest BDO International Compass, which measures the competitiveness of a country across the three areas of economic, politico- […]
Bund yields stay negative as recession fears mount Germany’s benchmark 10-year bond yield held below zero on Monday and close to its lowest levels in more than two years as fears grew that the world economy was headed for recession. After posting its biggest one-day fall since the start of January on Friday, the German […]
Irish bank shares and sterling hit amid Brexit political chaos Irish bank shares and the pound fell sharply yesterday as investors confronted the possibility of a no-deal Brexit. With Ireland’s economy significantly exposed to a no-deal scenario, Permanent TSB lost almost 6.5pc, AIB lost 5.35pc and Bank of Ireland lost 4.87pc – all serving to […]
‘Challenging’ year on the energy market, according to ESB ESB delivered “satisfactory results” in 2018 in what was a challenging year on the energy market, according to the company’s chief financial officer. ESB reported an operating profit of €455m last year, and invested €1.2 billion in long term electricity infrastructure as part of its brighter […]
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