PII welcomes review of mortgage rules for new homebuyers but missed opportunity to reform system

Commenting on the publication of the Mortgage Measures Framework review, Chairperson of Property Industry Ireland (PII), Ivan Gaine said: “PII broadly welcomes the changes announced today by the Central Bank of Ireland increasing the loan-to-income limit from 3.5 to 4 times income for first time buyers and reduction of the deposit percentage for second-time buyers. […]

Existing mortgage lending measures outdated and in need of reform – PII

Property Industry Ireland (PII), the Ibec group that represents the property and construction sector, has said that existing mortgage measures in Ireland are outdated and need to be amended to reflect new economic realities. The call comes as PII publishes its submission to the Central Bank’s review of macroprudential mortgage measures (see attached). Existing mortgage […]

Urgently Increase Supply Of New Homes – PII

Property Industry Ireland (PII), the Ibec group for businesses working in the property sector, said that the house price statistics released today by the CSO show the need to urgently increase the supply of housing. PII Director, Dr. David Duffy stated: “The lack of housing supply has been highlighted for a number of years. While […]