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
  • Two thirds of first time buyers hope to buy in the next 12 months
Uncategorized
Oct 17, 2012 - 16:06

Two thirds of first time buyers hope to buy in the next 12 months

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Two thirds of first time buyers hope to buy in the next 12 months

Almost two thirds of first time buyers intend to buy a property in the next 12 months – an increase of 13% since February – according to a new survey from MyHome.ie. Almost 43% of those planning to buy in the next year said they intended to do so in the next three months.

The impact of increased mortgage interest relief measures which are available to buyers up to the end of the year was also apparent with almost 60% of first time buyers saying the extra reliefs would encourage them to buy between now and the end of the year.

Angela Keegan, Managing Director of MyHome.ie described the findings as encouraging and said it underlined the importance of the mortgage interest relief measures. She urged the Government to extend the tax relief measures which could be worth up to €27,500 to a couple buying their first home.

“We are seeing more transactions now and that is a positive as the market starts to recover. However we don’t want to see a situation where people feel rushed into buying a property," said Ms Keegan.

Advertisement

Eighty eight per cent of respondents to this survey believe the mortgage interest relief measure should be extended and we would support that call and urge the Government to support hard pressed consumers and extend it for another year.

The other key issue is access to finance. Our survey shows 75% of first time buyers have a deposit and want to buy a property, but just under 60% of respondents believe financial institutions are not lending at present, so access to finance continues to be a major issue, as does uncertainty over the forthcoming property tax” Keegan said.

Property Tax

The survey also asked existing homeowners and first time buyers how the property tax would impact their decision on whether to buy or not. Forty two per cent of first time buyers said they would wait for a while to see what it entails while 38% said it would make no difference. Almost 20% said they didn’t know.

Thirty six per cent of existing homeowners said they would wait and see, while 43% said it would make no difference, and 18% said they didn’t know. Implementing the tax on the basis of affordability was the most popular option for both groups.

Advertisement

Property Price Register

The survey also underlined the impact of the publication of actual selling prices on the Property Price Register with 90% of existing homeowners and 84% of first time buyers saying it will make a difference to the market.

However a fifth of existing homeowners said they would have concerns about the price of their house being known.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Angela Keegan
  • buyers
  • first-time buyer
  • mortgage interest relief
  • MyHome
  • MyHome.ie
  • survey
The MyHome Newsdesk
By The MyHome Newsdesk
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