Changes to mortgage rules spark fears of rent hikes
The new Central Bank mortgage rules which came into effect last weekend have sparked fears that they may drive up rents even further around the country.
The World's Next Mortgage Crisis?
Although a resident of Austria, he had taken a home mortgage in Swiss francs, which carried a lower interest rate than mortgages in euros. In the second half of January, hundreds of thousands of homeowners across Europe—and especially across Central and Eastern Europe—have been jolted in similar ways.
New mortgage rules ‘will stop another boom… but rents could explode’
But the Central Bank could relax its rules for first-time buyers.
Mortgage approvals soar as buyers seek to beat restrictions
Approvals up 42 per cent as first-time buyers try to stay ahead of Central Bank measures