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A combination of lower prices, lower taxes and housing oversupply makes for great buying opportunities for those with access to funding.
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PROPERTY INVESTOR ALERT - Section 23 - type Relief - Important budget changes in Ireland
From 1 January 2011, relief will be restricted to income generated by the Section 23 property itself (currently such income can be set against all rental income).
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Today saw the launch of the 4 year budget framework agreed by the Irish Government with the IMF/ ECB.
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Ghost Estates in Ireland: Many of the reported half finished and stalled new housing developments are spread across rural Ireland.
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At a national level the survey reveals that 55pc of agents reported an increase in sales activity since April, while 20pc reported a decrease — this compares to the results recorded in last April's survey that showed 71pc of agents recording an increase in sales activity since the beginning of the year versus 11pc recording a decrease.
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A straw poll of Irish developers has revealed that builders have reacted to the changing demographics and are starting to build what is required for families to live in, rather than what some people thought they could make a quick investment buck on.
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13th October 2009.
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Average national house prices reduced by 1.1% in July according to the latest edition of the permanent tsb / ESRI House Price Index. This compares to reductions in June (-1.5%), May (-1.3%) and April 2009 (-1.9%).
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Bank of Ireland today announced support for First Time Buyers looking to get on the property ladder via fund of €1 billion along with what it termed an attractive market leading one year fixed rate of 2.45% (3.5% APR).
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ERA Ireland brokers round the country report a significant increase in the number of viewers of properties in January, particularly from first time buyers.
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