Extension of the help-to-buy scheme

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…

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Housing Market Bulletin June 2020

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…

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Housing Market Bulletin December 2019

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…

John Mullane Financial Services Limerick

Budget Summary 2020

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…

Housing Market Bulletin September 2019

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 2019 Market Pulse

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…

Brexit Update 2019 with Mullane Financial Services - broker to Irish Life

August 2019 Brexit Update

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…

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Housing Market Bulletin March 2019

House price inflation slowing, home building rising Sharp slowdown in house price inflation The most recent figures on Irish residential property prices indicate that the trend of slower price growth evident in 2018 has carried over into this year. CSO data shows that nationally, prices increased by 5.6% on a yearly basis in January. This…