ECB reduce base rate to.75%

05 July 2012
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Rate reduction

Today's announcement of a reduction in the ECB base rate is good news for home owners and buyers.

House prices

House prices in a number of areas in Dublin are begining to rise..

Yesterday permanenttsb announced a considerable tightening of mortgage lending policy with maximum facilities being resticted to 3.5 times gross income.

This is a signifiacnt move to lower mortgage borrowing levels and if followed by others will place downward pressure on house prices.