ECB reduce base rate to.75%
05 July 2012
Today's announcement of a reduction in the ECB base rate is good news for home owners and buyers.
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.