Power Talks - Jim Power Friends First Economist

Power Talks: A sense of calm permeates the world

To date, 2018 is turning out to be a very interesting year in terms of economics, financial markets and politics, but there is a remarkable sense of calm in financial markets. On the economic front the very strong momentum evident during 2017 has undoubtedly experienced a bit of a speed wobble. Growth virtually everywhere has…

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Housing Market Bulletin March 2018

Double digit price growth amid on-going big supply shortfall AIB Treasury Economic Research Unit March 2018 Upward pressure on prices continues amid persistent supply deficit The latest data on house prices from the CSO show a further acceleration in the rate of growth at the start of the year. Nationally, prices rose by 12.5% in year-on-year…

Jim Power Chief Economist with Friends First

Power Talks: March, a month of significant anniversaries

March 2009 was a pivotal month for global equity markets. After a horrendous period following the implosion of the US sub-prime market and the global economy, that month markets decided that enough was enough and that equities had fallen as much as they should. Despite subsequent massive global economic problems almost everywhere; the implosion of…

Mullane Financial Services broker for ICS Mortgages

ICS Mortgages launches 1st Flexi Buy-to-Let Mortgage

About Flexi-Mortgage Friday 9th February 2018 ICS Mortgages launched a unique Buy-to-Let product called Flexi-Mortgage which comes with a 35-year term and allows customers split their repayments between Interest Only and full Capital and Interest repayments over the term of the loan. Customers can choose an Interest Only term of between 1 and 10 years…

Economic Analysis of 2017 and Insights into 2018 - Power Talks with Mullane Financial Services

Analysis of 2017 & Insights into 2018

2018 – A year of Promise?   Points to Note Over recent years giving investment advice has in theory been extremely difficult for those who have to do it. In practice it has of course been much more straightforward – just buy equity markets, simple as. Equity markets have basically delivered very strong gains since…

Co-Habiting Couples Tax Inheritance Nightmare

Co-Habiting Couples Tax Implications

When the ‘Civil Partnership & Certain Rights and Obligations of Cohabitants Act 2010’ (Civil Partnership Act) was passed, it created the legal status of civil partnership for same-sex couples. This meant that the property and financial entitlements that previously only applied to married couples would now apply to registered civil partners. However the Act only…

Euro Economic Outlook 2017

Economic Outlook 2018

Brexit uncertainty and Global corporation tax threaten a positive forecast for Ireland in 2018;  Rising house prices create economic vulnerability as debt levels In the latest Friends First Economic Outlook ‘2018: Strong tail winds and some head winds’, published today Jim Power, chief economist at Friends First, forecasts full year GDP growth of 4.8% for 2017,…

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Housing Market Bulletin September 2017

Prices accelerating amid continuing supply shortfall AIB Treasury Economic Research Unit Sept 2017 Double-digit house price growth again After slowing to 5.5% in June 2016, annual house price inflation has been on a strong upward trend since then. The CSO data on residential property prices show that the pace of growth has quickened over recent…

Leo Varadkar

Upcoming National Pension Plan

Last night, the Taoiseach gave a speech to the employers’ group IBEC to announce an upcoming national pension plan that will look to start by 2021.   In this speech he said: ‘Another priority is to ensure that more people in work make provision for decent pensions when they retire. This issue has been long-fingered…