Paul Reilly
Registered User
- Messages
- 78
That's for sure! Nationally, house prices have increased by just over 70% since early 2013 (per the CSO).house prices have recovered well since 2012
Yes in Dublin , most of the commuter belt and places like Galway and Cork. Negative equity is fast dissappearing.
In most of Connaught (Sligo, Roscommon, lots of Mayo, Leitrim and even some of Galway County), Donegal, Cavan, Longford there are many properties that will never be out of Negative Equity.
In 2 years time we will be paying another 70 euro on our mortgage along with any further increases due to the amount the bank has lost on trackers....punish the Variables.. so anyone who thinks negative equity is disappearing outside the populated areas is delluded....hence increased homelessness will certainly be an issue with this, upward rents and vacant unusable houses in the rural West as a result.
Many people in Dublin think that outside Dublin there is no country since they rarely venture out only to go abroad. Well theres a different economy altogether the further West you go. Peoples lives are being destroyed.
In Sligo for example business after business is Closing....still!!
Hi Del,I'm in the same boat as yourself Paul - negative equity and variable rate and the TRS has reduced. Very annoying. I'm still about 78k in negative equity
And of course the mortgage interest relief "dig" out disappearing fast.
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