Research shows that thousands of house owners and mortgage holders have been lifted out of negative equity thanks to rising property prices. The number of houses in negative equity is assumed to be only a quarter of what it was at the end of the crash.
A spokesperson from a representative body of US businesses which includes some of the biggest employers in Ireland, has warned the Irish people that their housing crisis is so severe that it could damage the country’s competitiveness.
The housing crisis keeps deepening and is now headed towards a massive storm. Recent reports show plummeting stocks, higher rents ever recorded and at least a 20% increase in the prices of houses in the forthcoming years. According to the findings published by Daft.ie, overall rents have drastically increased for the 21st consecutive quarter and it doesn’t stop here.