Keane Finance Brokers » Commercial Finance Consulting » Kevin Keane Finance Brokers Analyse the latest Irish Mortgage News…
Kevin Keane Finance Brokers Analyse the latest Irish Mortgage News…
Irish Mortgage News…
According to the Irish Banking Federation, house prices have continued to fall every month since March 2007. Kevin Keane from Keane Finance Brokers in Galway, looks at where the market is at and offers some solace to home owners and to people looking to buy.
“I’d love to be really optimistic about the state of the market but its difficult. The credit needs to start flowing before any improvement can happen. With the impending merger between PTSB, EBS & irish Nationwide and the continuing challenge with AIB and BOI – there is very little happening – so it is a case of wait and see for the majority”
So it looks like the current situation is here to stay.
“it’s very similar with the clients we deal with” says Kevin. “We work with people who have commercial loans or people who may have multiple loans across multiple organizations. This can leads to complexities which would be unheard of 3 years ago. Unraveling the situation to allow re-negotiation or restructuring takes time but we can get results for clients which allow them to function and get over the current crisis”
Asked if the downturn in property prices will continue Keane commented “ The recovery will probably start in the usual property hotspots like Dublin, Cork, Galway and Limerick and gradually filter. How long it takes to get to the ghost estates up and down the country is anyone’s guess.
If you have commercial loans or multiple mortgages, speak to Keane Finance Brokers in Galway today. Kevin has over 10 years commercial banking experience.
Written by admin
Kevin Keane BA, MBS, QFA a native of Galway, has spent numerous years working with Bank of Scotland (Ireland) Limited as a Commercial Lending Manager. Prior to this he obtained a Masters in Business Studies in Michael Smurfit Business School, UCD. He has experience in all aspects of finance, with a primary focus on commercial and business finance. Keane Finance Brokers are currently involved in a number of commercial deals with business owners and property investors in the West of Ireland. The majority of work today is reducing costs for business and property owners of all sizes.
Filed under: Commercial Finance Consulting
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