Blue Sky Mortgages Blog

The Permanent tsb house price index showed house prices down by over 31% from the market peak of 2007.  As of now, however, there is anecdotal evidence to suggest that prices are down by almost 50% and for some new house developments it could even be as much as 60%.The main driving forces of this are low demand caused by the belief that prices will continue to fall and a lack of mortgage credit facilities from all lenders. It is very difficult to see when any improvement will happen given the uncertainty in the employment sector.Clearly, renting has obvious attractions with availability of good quality accommodation in most areas.