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The European Central Bank lowered interest rates for the second time in less than a month to 3.
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The National Property Service Regulatory Authority has announced a new Code of Practice for Property Service Providers operating within the Irish Market
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ERA Ireland Calls for Stamp Duty Review
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Austin Hughes, Economist for IIB Homeloans was recently quoted in the press as saying that ‘a further interest rate rise is unlikely because economic growth in the Euro zone is softening and fears about inflation in the Euro zone are overdone’.
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At the recent ERA Ireland Broker Council Meeting in Limerick, Dr David Duffy of the ESRI presented a clear rationale as to how the key economic indicators look to remain strong.
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A new EU Report shows a slowdown in the Euro Zone GDP growth which may signal the end of the ECB base rate increases.
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Stamp duty changes reduce uncertainty and release some of the logjam in the market
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Vendors’ ‘Asking Prices’ are being adjusted downward in response to increased cost of finance.
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Stronger growth was recorded in Dublin compared to average growth outside of Dublin, with the Average House Price Growth Rates at 15.
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The Commuter Counties of Louth, Meath, Kildare and Wicklow experienced House price growth of 15.
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