Exiting landlords linked to 21,000 property transactions last year, agent says via IrishTimesBiz
Has the Central Bank let down Irish mortgage holders?Brendan Burgess joins the podcast to explain his critique of Central Bank policy on mortgage interest rates. It comes after Central Bank governor Gabriel Makhlouf told an Oireachtas committee that Irish banks should increase interest rates to reflect increases applied by the European Central Bank. Plus: Cliff Taylor and Eoin Burke-Kennedy look at the latest economic trends.
Sherry FitzGerald managing director Marian Finnegan said for every one investor entering the private rental sector here, three are leaving. In its report, Sherry FitzGerald welcomed the pickup in supply last year – official figures show just under 30,000 new homes were completed over the 12 months – but warned that construction activity was likely to contract during 2023, reflecting the reduction in commencement levels recorded during 2022.
The company said it was expecting house prices to grow by about 3 per cent this year while noting that “the significant divergence in price trends” between Dublin and the rest of the country appears to be moderating.
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