The Governments recent July Stimulus Plan announced an extension of help-to-buy scheme to support new homeownership. The Help-to-buy scheme will be enhanced for the remainder of 2020 (end of December 2020) so that the level of support available to first time buyers will be increased. The main change to the scheme now sees First Time…
New housing supply dented by Covid-19 New supply for the Irish residential property market was on a steady rise before the Covid-19 pandemic and associated restrictions depressed activity. Prior to these disruptions, completions, as measured by the CSO’s new dwelling data, rose by 18% last year to over 21,000 units. This year had also started…
Lessons from history History has shown that the longer you keep your money invested, the greater the chances of a positive outcome. Staying fully invested through a market cycle has, in the past, ensured investors reap greater rewards over the long-term as rebounds after large losses are often significant. If you are concerned about recent…
We are delighted to inform you today that every Irish Life Health customer will benefit from a reduction in their health insurance premiums in the form of a rebate offset against the normal premium for a three month period. The rebate is being introduced for all customers and follows temporary changes to how the hospital…
COVID-19 Contact Numbers For Customers Wishing To Seek A Mortgage Repayment Break AIB 1890 252008 Bank of Ireland 01 6113333 EBS 1850 330044 Finance Ireland 1890 995998 Haven Mortgages 1850 654329 ICS Mortgages 1890 542542 KBC Bank 1800 939244 Permanent tsb 0818 502424 Ulster Bank 1800 435763
Further improvement in new supply, but still long way to go Improvement in the pace of new supply The rate of increase in the supply of new housing units accelerated in the third quarter of this year. The CSO’s ‘new dwelling completions’ rose by 22% on a year-on-year basis. This represented a pick-up…
Budget 2020 Update – The Main Points No change in income tax and USC rates and bands for 2020. However, two tax credits are increased: Earned income tax credit for the self-employed and proprietary directors increased by €150 to €1,500 for 2020. The Home Carer tax credit increases by €100 to €1,600 for 2020. DIRT…
House price inflation subdued, supply edges higher Sharp deceleration in house price inflation Nationally, house prices increased by 0.9% in the month of July. This represented its strongest monthly gain since September 2018 and marked the fifth successive month of increases after registering some modest falls towards the end of 2018 and early part of this…
August provides stark reminder of Global Risks. Escalating US-China trade tensions roiled global equities in August, driving investors to perceived safe-haven assets. Eurozone sovereign bonds gained on increasing growth concerns and attendant expectations of policy easing by the ECB at its September meeting. Lenny McLoughlin Chief Economist, Irish Life Investment Managers Limited (ILIM) Trade gloves…
There is still significant uncertainty regarding the outcome of Brexit, particularly the economic and market impact of a ‘hard no deal’ Brexit. The probability of a ‘no deal’ Brexit has obviously significantly risen after Boris Johnson’s succession as UK prime minister, given the more hard-line, aggressive stance he has adopted over the last month or…