Why buy your own home.

Unfortunately for the thousands of people who bough during the boom negative equity is a reality that they may have to live with for years to come.Hopefully over time, property values will increase and as mortgages are repaid the burden will reduce.

The flip side is that those who are buying now will save a fortune compared to the negative equity generation.

There are many good reasons to consider owning a home.Providing the price is right and you can comfortably afford repayments, home ownership can be well worthwhile.

• Prices have fallen by over 50% in many locations and whilst there is no guarantee that prices will not fall further there is no doubt that there is some good value property available.We expect the full price drop to be in the region of 60%.
• Rent money is dead money.Rents are certainly creeping up in the Dublin area and with limited supply of rental properties we expect rents to continue to rise.
• You'll have a place that is yours!
  You'll own it, It may be have a place to raise your children and become a part of your community. You can pass your home down to your children, and their children, creating security for generations to come.
• You may pay less to own a home than you would to rent – and it's yours at the end!
  Homeowners can avail of tax relief on interest payments .In cash terms this can be as much as €4000 if you are married or €2000 if you are single. These tax savings partially reduce, or offset somewhat, the actual cost of owning your home.
• You can fix your monthly payments
  If you choose a mortgage with a fixed-interest rate you will repay the same amount each month for the period of the fix.
• You'll build a good nest egg!
  Owning a home and building equity is the single greatest source of financial security and independence for the majority of people who' have taken this step.