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Agreement on new Mortgage Credit Directive will mean more information and better protection for consumers. The Irish Presidency has today reached provisional agreement with the European Parliament on new rules to benefit mortgage holders and consumers across Europe. This agreement marks the achievement of a key Presidency goal, as set out in the Presidency programme.
House prices in Switzerland continue to rise, though there are signs of slowdown in some market segments, according to the Swiss National Bank’s (SNB) September 2013 Quarterly Bulletin.
Second quarter 2013 compared with second quarter 2012
Property prices rise 0.7% across Europe Turkey up 12.2% but Greece fell another 11.5% Spanish prices now 29% below peak
100.000 huizen een DOOLHOF ? De woningalert .....
Flats have increased in value more than any other property type over the past decade, with a typical rise of £394 per month, a study has found. Terraced houses are the second-best performers, while detached homes have seen the smallest percentage increase in their prices, according to Halifax. Using its own database, Halifax said flat prices had risen by more than a third (35 per cent) on average since 2003, putting them just ahead of terraced homes (32 per cent).
Sir Mervyn said that mortgage borrowers - typically those in their 30'2 and 40's - had borrowed so much that any rise in interest rates would push many into an unsustainable position.
Affording a luxury property is only for a few but knowing where there is less to be paid in taxes will be of advantage and some money saved could be put to other use.
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