April 2022 - Page 9 of 9 - LSL Auctions News

Possible cooling effect on house price inflation, says Sherry FitzGerald

Sherry FitzGerald, Ireland’s biggest estate agency, anticipates that “moderating forces” will take effect mid 2022, as house price inflation tapers. This is as increased supply and a probable interest rate hike “cool the market.” In the view of Eoin Lynch, the company’s chief economist, it is likely that the European Central Bank will start to hike interest rates later this year, which will increase borrowing costs, dampening demand in the process. Also,…

Minister condemns recent illegal fires

Minister for Heritage and Electoral Reform, Malcolm Noonan has condemned recent illegal fires by saying that those who deliberately cause these occurrences “are a scourge to society and their activities cost all of us”. He has since announced that there will be increased patrols and aerial surveillance in national parks and reserves. This follows an illegal 300ha fire in Wicklow Mountains National Park. Noonan visited the site earlier this week and stated…

Ireland urged to secure funds from EU REPowerEU initiative

Ireland’s government has been urged to secure support from the European Commission’s new REPowerEU initiative. According to Local Power managing director, Pat Smith, it will ensure that a viable biomethane and biofertiliser sector be established. He adds that the “current energy crisis is a wake-up call for large energy-importing member states such as Ireland.” Earlier this month, the EU announced the planned production of biomethane by 2030. The commission published…