Average House Prices In Tipperary Rise 0.4% In Last Three Months – Survey

The price of the average three-bed semi in Co Tipperary has risen 0.4% to €141,750 in the last three months, according to a national survey carried out by Real Estate Alliance. And average house prices in the county have risen by 9.2% over the past year, the survey has found. The REA Average House Price Survey concentrates […]

CIF Comment On Central Bank Rule Changes

Following the review of mortgage measures announced by the Central Bank, CIF Director General, Tom Parlon, stated: “The CIF recognises that the Central Bank’s macro-prudential rules are part of a necessary regulatory framework within the Irish banking system. Today’s changes to the deposit rules may assist first-time buyers in securing mortgages. Providing mortgages to this […]

Central Bank Comments On Vulture Funds Raise Serious Questions For Government – Matt Carthy MEP

Sinn Féin MEP Matt Carthy has said that comments made by Central Bank Deputy Governor Sharon Donnery raise serious questions about the government’s failure to regulate vulture funds and protect Irish borrowers. Carthy, a member of the Economic and Monetary Affairs Committee in the European Parliament, said: “Comments reported in the media made by Sharon […]

Plenary Summons against the Central Bank is precautionary but warranted – McGrath

Independent TD Mattie McGrath has said he supports the intention behind the delivery of a Plenary Summons to the Governor of the Central Bank Professor Philip Lane and a similar Plenary Summons requesting the Central Bank of Ireland to appear before the High Court within 35 days. Deputy McGrath was speaking after Mr Jerry Beades, […]

Mortgage Holders and Small Businesses Being Ripped Off By Government – Healy

A deliberate Government Policy is ripping off Irish Mortgage Holders and Small Businesses. According a survey of interest rates published by the Central Bank, variable rate new housing loans averaged 4.13% Typical Eurozone mortgage rates are 2.1%-roughly half the Irish rate. And interest rates for small  businesses  have come down everywhere in Europe except Ireland, […]

The Banking Inquiry – Ballyhea Says kNOw

by Diarmuid O Flynn A couple of weeks ago Ballyhea Says No led a delegation that included two TDs (Joan Collins and Catherine Murphy) and an MEP (Marian Harkin) to meet new Central Bank Governor Phillip Lane. We outlined for Mr Lane why, after almost a full five years, the Ballyhea campaign still persists, marches every […]

David Begg Should Withdraw From the Pensions Authority following the conclusions of the report of The Banking Inquiry – Healy

The banking inquiry has come down hard against  the Regulator and the Central Bank—RTE NEWS. http://www.rte.ie/news/2016/0122/762192-banking-inquiry-report/ The Banking Inquiry has found that both the Financial Regulator and Central Bank had sufficient powers to intervene in the banking sector to protect the financial stability of the State, but neither intervened decisively according to a Report on […]

New Beginning Response to The Central Bank Figures on Mortgage Arrears

The figures released today by the Central Bank show the level of mortgage arrears continues to decrease. This is to be welcomed. New Beginning however notes with concern the following: Long term arrears continue to rise and now stand just short of 40,000 Up to 37% of all restructures (almost 45,000 cases) are short term […]