Daft Property - Irish Property News

Number of homeowners in arrears soars to 50,000... THE number of homeowners in arrears on their mortgages has jumped by 5,100 to almost 50,000 in the first three months of the year. The arrears figure represents 6.3pc of the 782,429 residential mortgage accounts, according to the Central Bank. Meanwhile, another 36,600 homeowners, who are not in arrears, have made arrangements with their lender to reduce their repayments. This means that a total of 86,211 homeowners -- 11pc of all mortgage-holders -- were struggling to meet their repayments in March, the Central Bank said. While the trend is worrying, eight out of every nine mortgage holders are still meeting their original repayment commitments. Frank Conway of personal finance website MoneyCoach added that although the growth in the arrears was unfortunate, there was no rapid deterioration in the rise in rate of arrears. "These latest statistics largely include the effects of the introduction of the universal socia

RTÉ is in Recession 'Aftershock'... A week long session of recession themed programmes will broadcast on RTÉ Television from May 9th – 14th on RTÉ. The series of programmes will examine Ireland’s recession – the effects it has had so far and what we can expect in the future. The programmes are tipped to reflect the after-effects of the boom and bust: from the reality of unemployment and life in so-called "ghost towns" to positive stories of businesses and families who are thriving in spite of the recession. Other programmes will look at the bigger picture, ask where to from here? and present challenging ideas as to how we as a nation can move on from the shock of economic collapse. Aftershock launches with ‘Ghost Land’ on Sunday, May 9th. Produced by RTÉ’s documentary unit ‘Ghost Land’ is an observational documentary that goes behind the figures to show the reality of life in the aftermath of our building boom, told mainly from the perspective of residents who have mo