The sector endured it sharpest decline in activity so far this year in March, according to the latest Ulster Bank Construction Purchasing Managers’ Index. Last month’s drop was the 70th straight fall.
Dan White: Our long-term mortgage debt could strangle house recovery by Irish Independent 07/01/2013
THE apparent stabilisation of the housing market in 2012 is threatened by the huge number of houses and apartments (almost 60,000) on which the mortgages are now more than a year overdue. Only if the banks start lending again can this timebomb be defused without triggering a fresh property price collapse.
YET another of Ireland’s biggest developers has emerged from bankruptcy in the UK, leaving debts of some €300m behind him.
Although umemployment and debt are huge issues, there are glimmers of hope for our economy in 2013, writes Louise McBride
Permanent TSB has promised to increase its personal lending targets fivefold in 2013 to €450 million, up from €90 million last year.
THE Revenue will tell every homeowner in the country how much it thinks their home is worth — and how much they should pay in property tax — in letters to be distributed within weeks.