MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Mortgage Market Trend Outlook 2012
Uncategorized
Jan 6, 2012 - 08:41

Mortgage Market Trend Outlook 2012

admin
By admin
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Mortgage Market Trend Outlook 2012

We are pleased to debut our annual forecast for the Mortgage market here on MyHome.ie. Every year we try to look into our very broken crystal ball and determine what might come next. This year we have some interesting thoughts (whether they come true is another matter!).

  1. We have finally hit rock bottom (in terms of lending), and we will see a larger number of both draw-downs and higher total lending in 2012 (up from current c. €2.4bn for 2011).
  2. That banks will offload some of their tracker loan books to IBRC (formerly known as Anglo) in an attempt to reduce their 'performing' loss making loans.
  3. That 20,000+ mortgage accounts will be deemed 'unsustainable' and this will result in a large number of voluntary possessions, assisted sales and post 'standard forbearance' measures as mentioned in the Keane Report.
  4. Property prices are likely to continue downwards but we may be close to bottom in Dublin, in particular the non-apartment second hand sector of the market.
  5. Rates may come down for new borrowers, the ECB may hit an all time low, deposit prices will drop too.

You can read this and much more in the report (here) or click on the image, and we look forward to your agreement or disagreement on it. In the spirit of proving how falable we are we also reviewed the quality of the calls we made for 2011 in late 2010 – if you want a laugh just skip to that part (ouch!).
There has been a host of big reports out this week, here at MyHome.ie the Property Barometer was released on Tuesday, and coming soon we'll also have a 'Rent or Buy' calculator in conjunction with Irish Mortgage Brokers and it will help you to determine whether it makes sense to buy a house or not.
2012 is bound to be a really exciting year in the mortgage and property business, we'll be here with you every Friday to navigate it! We hope you enjoy the report and please readers, do yourselves justice (as you always do) and critique the hell out of it!
Karl Deeter (@karldeeter)
Operations Manager
Irish Mortgage Brokers
Dublin 2


 
 
 
http://www.mortgagebrokers.ie
Advertisement

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • 2012
  • IMB
  • Irish Mortgage Brokers
  • karl deeter
  • mortgage market trend outlook
  • MyHome
  • MyHome.ie
  • property barometer
admin
By admin
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement