Our sister company Irish Mortgage Brokers have issued their annual mortgage market report which looks at all of the trends expected to come in 2011 (you can get it here).
The likely changes are
- An increase in variable rate mortgage prices by 100 basis points or 1%, that may start to happen as early as January.
- Fixed rates may be retracted, limited to certain clients or priced out of the market.
- Property prices will continue to drop
- Rental prices to show continued signs of stabilization
- Banks to lay off staff
- Repossessions to increase
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