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UK landlords to take on immigration enforcement role
New proposals on immigration controls in the UK will result in private landlords becoming legally responsible for ensuring that they only let properties to people allowed to be in Britain. The new...
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Buying a home? Forget your A’s and B’s…you really need C’s, D’s…and E’s
Property is on the rebound. At least it appears to be in the UK and the US. Other markets are still in the doldrums, but most markets will eventually come right. When planning to purchase a first home,...
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Homeownership leads to unemployment claim economists
A new study by two economists concludes that rising levels of homeownership “are a precursor to eventual sharp rises in unemployment.” As more homes are owned, in other words, fewer people have jobs....
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Round pegs and square holes, a mortgage dilemma that won’t go away
The Irish Central Bank continues to increase pressure on mortgage providers and other lenders in an all-out bid to halt the rise in mortgage arrears. Twelve percent of residential mortgage holders in...
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Stock markets surge on back of US house prices, consumer confidence
US stock markets surged today on the back on a raft of positive news on US house prices and consumer confidence. Home prices in the US rose the most in seven years. In the 12 months through March...
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Irish Government warned on mortgage arrears
The EU today issued a stark warning to the Irish Government that it was not satisfied with the growth in residential mortgage arrears. Arrears are where loan repayments are more than 90 days late....
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UK property recovery gains momentum
UK house prices increased by 0.4%, according to the latest survey from the Nationwide building society. The annual rate of price growth rose to 1.1%, the fastest pace since November 2011. The...
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Positive news for Ireland as unemployment falls
There has been some positive news for Ireland today where unemployment has fallen. Statistics released from the Irish Central Statistics Office show that the number of people unemployed has fallen...
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Disposable incomes stabilise for Irish
The first signs that family budgets have begun to stabilise in Ireland have been revealed in the latest What’s Left survey by the Irish League of Credit Unions. Some 518,000 people are left with no...
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When the cash runs out
The US city of Detroit was once a powerhouse of industrial production and home to the US automobile industry. But time, like it does to pretty much everything, has taken a toll. In the case of Detroit,...
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ECB considers nagative interest rates
European Central Bank President Mario Draghi said the central bank is considering further policy tools in an effort to boost the economies that share the Euro. Mr. Draghi has, in recent months held out...
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Bad loans hindering lending in Ireland says IMF
Bad loans hindering lending The IMF has blamed non-performing loans for the reluctance of Irish banks to lend. 12% of residential mortgages and one-in-five buy-to-let mortgages are in arrears....
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Could “clever tax planners” replace bankers as the new bogeymen?
A bogeyman is defined as an amorphous imaginary being used by adults to frighten children into compliant behaviour. Over the course of the last five years, bankers took on the role of society bogeyman...
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Gloves come off in fight against mortgage arrears
An all-out war on mortgage arrears is breaking out. As Government, Central Bank authorities and commercial mortgage lenders struggle to stop rising levels of arrears, there now appears to be an...
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Mortgage arrears continue to rise across Ireland
The number of residential mortgages in arrears for 90 days or more continues to rise, despite the fall in interest rates to new record lows.There are now 95,554 residential mortgages in arrears...
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Emigration pushes down unemployment to 3-year low
There are now 422,900 people unemployed in Ireland. Latest figures from the Central Statistics Office show a seasonally adjusted basis 13.6% of the workforce is unemployed. The number of men signing on...
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Irish export markets see strong recovery
Core markets for Irish exporters show a constant and steady improvement, a trend which has been gathering pace since earlier this year. Irish export opportunities improve Export markets are as follows:...
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A turning tide carrying positive economic news
The OECD today confirmed that it expects the US economic recovery to be mirrored (albeit at a lesser rate) by the EU. Good news for Ireland indeed. In the space of a week, a number of key developments...
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Irish unemployment falls
New figures from the Central Statistics Office show another drop in the rate of unemployment across Ireland. The figure now stands at 13.4pc. This compares with 14.6pc a year ago and a peak of 15.1pc...
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Getting serious about tax avoidance
Today’s meeting of G20 nations is officially about an agreement to fight tax avoidance by multinationals. Closing tax loopholes and increasing tax takes The group of developed (and developing)...
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