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Four out of every ten new homes sold last year across the country changed hands as part of a transaction where multiple units were sold together, new research has claimed. In total there were 7,306 new units sold as part of such “block sales” the analysis by estate agents DNG has found. Block sale buyers […]
Read More… from 42% of new homes sold in 2023 were part of a block sale
Changes to employment permits, designed to make the system more flexible, will come into force from Monday 2 September. Regulations giving effect to the Employment Permits Act were signed today. Under the new rules, certain categories of permit holders will be able to change employer after a nine month period. A new seasonal employment permit […]
Read More… from Changes to work permits to come into force next week
The Wage Subsidy Scheme, which offers private sector employers a subsidy to provide employment to people with disabilities, is to be expanded. A number of changes to the scheme have been announced following a review of the initiative. The scheme pays a minimum subsidy rate of €6.30 an hour to the employer, which can increase […]
Consumer confidence dropped slightly in August, according to the latest Credit Union consumer sentiment index. Concerns about household finances in the months ahead and a renewed nervousness about the economy weighed on consumer thinking, the survey states. It suggests that the looming seasonal increase in spending pressures is adding to the lower consumer mood. “The […]
Read More… from Consumer confidence falls slightly in August
Household electricity bills could be set to rise by up to €8.42 a month over the coming year. The increase is the result of the energy regulator setting network charges for the period. The Commission for the Regulation of Utilities (CRU) said network charges are needed to enable ongoing investment to take place in the […]
Read More… from Domestic electricity bills to rise by up to €100 a year to cover network charges
Preliminary figures from the Central Statistics Office show that average weekly earnings for the second quarter of 2024 reached €963.17, an increase of 5.6% or €51.43 compared with the same time last year. The CSO said that average weekly earnings rose across all 13 sectors in the year to the second quarter, with the largest […]
Read More… from Average weekly earnings up 5.6% in second quarter – CSO
Just over 5,300 mortgages were approved in July, the latest figures from Banking and Payments Federation Ireland show. First time buyers continue to drive the bulk of the activity, accounting for almost two thirds – 61.9% – of all approvals in the month. Just under a quarter of approvals were granted to those looking to […]
Read More… from First time buyers continue to drive mortgage approvals
Growing signs of lacklustre growth and risks emerging to the job market overshadowed a gathering of global policymakers at the US Federal Reserve’s annual Jackson Hole conference, highlighting the changing trajectory of monetary policy as US and European central banks eye cutting interest rates. Even as the focus of US and European central bankers shifts […]
Read More… from Darkening global outlook, central banks’ pivots signal more turbulence
Thousands of mortgage holders who have their loans with non-bank lenders could be set to be see their mortgage rates leap by as much as 3.5 percentage points later this year. The increase will come when their current low fixed rates come to an end and they are forced to choose from one of the […]
Read More… from Some mortgage holders with non-bank lenders to face big rate hikes this year
More than four out of ten people did not make full use of their full holiday entitlements last year, according to new research on annual leave. The survey undertaken by FRS Recruitment shows that almost one in five people did not take five days of annual leave or more, which in business terms represents a […]
Read More… from Over 40% of workers did not use full holiday entitlements last year – survey
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