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US investment giant Starwood Capital has announced that a controlled affiliate has formed a €1bn build-to-rent (‘BTR’) residential platform in Ireland with Urbeo Residential and the Ireland Strategic Investment Fund (‘ISIF’).
With Christmas fast approaching for some (the rich), it's time for conspicuous consumption.
Between trade wars, Brexit, rising US interest rates, and turmoil in emerging markets, there has been no shortage of things for investors to fret about in 2018. It's no surprise then that following a benign trading environment in 2017, volatility returned to the markets in 2018.
Author Fionnuala Kearney lives with her husband in Ascot, just outside London. The couple have two grown-up daughters. Kearney was born in Cork and grew up in Dublin. She previously worked in insurance and property - before making the jump to writing. She has just published her third book, The Book of Love.
Query: I am using my Christmas bonus to upgrade my mobile phone. While doing my research and looking at different types of phones, the shops are all trying to sell insurance too. Is gadget insurance a good idea as I am already spending a lot of money on the phone? Tom, Co Westmeath
People with health insurance are becoming more discerning about the cover they have, with many now reviewing their policies on an annual basis. Consumers are rejecting high excesses for attending a private hospital, as they feel it is a waste of money to be paying for health cover if they have to shell out each time it is used.
Childhood is often the time that we learn valuable lessons about money - or where we get the grounding to manage life's financial challenges. More often than not, it is our parents or grandparents who have taught us our first and most valuable lessons about money.
Average values of homes in Ireland have increased by €92,000 in five years, according to a survey of the country's residential property wealth.
The Central Bank has been forced into an embarrassing climbdown after issuing incorrect figures for mortgage rates.
The Insurance Compensation Fund in this country could be forced to pay the outstanding claims of policyholders here from the collapsed Danish insurer Qudos.
It's the laziest of gifts, but for the last-minute shopper, or that difficult person to buy for, you can't beat a voucher. But consider other gifts which don't involve a trudge around the shops on a wet Saturday and which prove that a little bit of thought, at least, went into it. This week I'm looking at subscriptions - gifts that fit into an envelope.
Question: I FINALLY sat down to review our household budget and I've discovered we have insurance cover for a few things and I'm not even sure what they are, or if we need them. We have mortgage protection with our bank since we took out our mortgage 15 years ago. My wife has serious illness cover from €50,000 paid by her employer. And I took out an income protection policy seven years ago, but I'm also paying for serious illness cover of €70,000. Do I need both? We have two children in school.
Homeowners here continue to pay more than the typical cost for a mortgage in the other countries in the euro area.
The Insurance Compensation Fund in this country could be forced to pay the outstanding claims of the policyholders here from the collapsed Danish insurer, Qudos.
Roast potatoes for the Christmas dinner are set to cost more this festive season.
Banks in this country have long been accused of fleecing mortgage holders with the highest interest rates in the eurozone.
Hundreds of homeowners have been left without insurance cover if their homes develop structural defects following the failure of a Danish insurer.
HUNDREDS of homeowners have been left without insurance cover if their homes develop structural defects following the failure of a Danish insurer.
HIGHER prices for potatoes due to the summer drought and energy price rises contributed to higher costs for consumers last month.
Households and businesses face higher energy bills due to the State's reliance on imported fossil fuels.
Rogue landlords face jail and hefty penalties of up to €30,000 for breaking strict rules on rent hikes under beefed up protection for tenants.
Government proposals that could see the income tax relief on pensions cut would be calamitous for middle earners, a leading investment company has warned.
For all his promises to "promote fairness" in his 2019 Budget, Finance Minister Paschal Donohoe's measures will see some sections of society falling further behind, with pensioners the largest single group to see their position eroded, according to a new study.
The first 1,269 units at Cherrywood will be available by 2020 - but none of these will be available for purchase by families, first-time buyers or downtraders.
Almost one in two people are concerned that they are financially unprepared for retirement, according to a savings and investment index from the Bank of Ireland and the Economic and Social Research Institute.
Time is running out for workers to claim a valuable tax refund they may be entitled to. There is a four-year limit on how far back you can claim tax refunds - and so this New Year's Eve marks the last day that you can claim any tax relief you're entitled to for 2014.
Q Could you tell me what cardiac, orthopaedic and ophthalmic procedures co-payments typically arise on? My husband and I are both in our fifties and our children are in their teens. We are currently all insured under VHI's Health Plus Extra plan. To save money, I'm considering moving the family onto VHI's cheaper One Plan Family plan - but I'm concerned about co-payments as there is a history of heart illness on my side of the family, and my husband has ongoing hip pain. Margaret, Cavan town
Economic uncertainty can influence saving behaviour and right now Brexit represents a key risk for the domestic economy. However, so far Brexit doesn't seem to be driving stronger precautionary saving. In April 2018, only 4pc of Irish people were saving more as a direct result of Brexit, according to the Bank of Ireland/ESRI savings and investment index. Does this mean Irish savers don't care about Brexit? No, rather it appears that savers are waiting to see how Brexit pans out but are readied to pick up the pace of saving.
David Brophy is one of Ireland's top conductors. He has performed with numerous Irish and international artists including the British tenor Anthony Rolfe Johnson; the late Irish uilleann piper, Liam O'Flynn; Riverdance; and U2.
There are three things you can do to ensure you have greater lifetime wealth. They are simple and old-fashioned ideas but, of the three, I can guarantee you won't find two of them being promoted as wealth-builders (although they can be very positive things outside of financial considerations).
Forecourt retailer Maxol has been given the go-ahead to knock down one of its petrol stations and an adjoining car dealership in south Dublin and replace it with a five-storey apartment block.
The head of one of the country's main health insurance providers has criticised public hospitals for "harassing" patients with private health insurance because they view them as "revenue-raising" opportunities.
The good news is that 2018 didn't see the same spike in abandoned pups as previous years, but that's down to the 'Paws for Thought' campaign which Dogs Trust ran after Christmas last year, says the organisation's Ciara Byrne.
Question: After 24 years of marriage, I decided to separate from my husband and we are now trying to come to an agreement on the equitable division of assets. We have two adult children who are still living at home. I would like to stay in the house and my husband, who is a director of a successful company, said that I can have three-quarters of the house rather than half, so long as I give up any claim on his pension. I am 52. I can afford the mortgage on the remaining quarter as I now have a part-time job, but I wonder if this is a good deal?
The removal of upper height limits will play a role in boosting housing output, but the measure is not - as Tom Phillips says - the final piece in the jigsaw.
Limits on the height of buildings have been abolished in all cities and large towns in a radical redrawing of our planning laws.
Health insurance customers will catch a break this Christmas after Laya Healthcare announced its second reduction in premiums in six months.
Two former directors of Tesco were acquitted on Thursday of fraud and false accounting at Britain's biggest retailer following a 2014 scandal.
Consumers are catching a break this Christmas as Laya healthcare has announced its second reduction in its premiums in six months.
Qudos Insurance, a Danish business providing insurance to 50,000 Irish customers, has gone into liquidation. Here's what you need to know next.
Housing charity Threshold received 73,526 calls last year - and a third were from tenants faced with losing their homes.
Upgrading the national housing stock to make it more energy-efficient and help drive down emissions will cost up to €50bn, Climate Action Minister Richard Bruton has revealed.
Renters will be able to know what a previous tenant was paying for a room under laws to be brought to Cabinet next week.
Don't underestimate just how important insurance is for the economy to function.
Up to 50,000 Irish insurance customers have been left with no guarantee of cover after an underwriting company shut down.
The housing crisis and spiralling rents have helped make Dublin the third-most attractive city in Europe for big property investors.
A father has told how his family "hit rock bottom" after their landlord evicted them, saying the property was to be sold - only for it to be let out at a higher rent.
Irish Life said it is to cut prices for most health plans in January compared with a year ago, although its customers will see price rises versus December.
Irish wholesale gas and electricity prices have increased by 22pc and 23pc respectively over the past year, according to the latest Naturgy Energy Review and Forecast.
The gaping chasm opening up between the haves and have-nots in Irish society is exposed in a series of stark reports today.
Householders are being bamboozled by bills - with many fearing they are being overcharged, new research has found.
Most companies, particularly in the consumer or technology space, will tell you that one of the most important factors for their success is their 'brand', especially when the company name is synonymous with the brand. This is why they spend so much money advertising to build their brand in the minds of their customers. But what if your brand is more associated with what you used to be rather than what you are today?
The Irish author Carmel Harrington is from Wexford, where she lives with her husband Roger and two young children. In 2013, she won the Kindle Book of the Year and Romantic eBook of the Year awards.
Query: I left my former employer two years ago after working there for almost 20 years. I have an entitlement to a pension from that company's defined benefit (DB) pension scheme. I have received a letter from my former employer, offering me an 'enhanced transfer value'. Should I transfer my benefit entitlement out of that DB scheme. I have a defined contribution (DC) scheme with my current employer. What do I need to bear in mind when coming to a decision? John, Carrick-on-Shannon, Co Leitrim
ANYONE who has ever tried to trace a lost will can testify to the fact that it can be a difficult process. Some relations of a deceased person can spend months trying to track down a will, adding to the distress of dealing with bereavement.
There are now only 23 shopping days to Christmas - and many of us will spend more on gifts and goodies over the next three weeks than we do at any other time of the year. At this expensive time, it's important to ensure that your money is well spent - and that you're covered if things go wrong.
Ordinary families are predicted to feel the benefit of the surging economy in 2019 as full employment and labour shortages across several sectors force employers to increase wages, according to economist and former Department of Finance adviser Dr Alan Ahearne.
State-owned Permanent TSB has been accused of double crossing its customers by selling their mortgages.
The black hole in the pension funds of the State's biggest companies disappeared this year for the first time since the financial crash.
Thousands of borrowers will see their mortgage debts shifted from Permanent TSB to be managed by Pepper, despite engaging with the bailed-out bank on their arrears.
The Central Bank goes out of its way to protect people taking out a mortgage, and the banks that issue them. But when it comes to vulnerable borrowers it does not appear to be quite so eager to throw a protective cloak over them.
The rules dictating the amount of money people can borrow for a home and the size of deposits needed are to remain unchanged, the Central Bank said after a review.
The Central Bank has licensed a new moneylender, prompting renewed calls for a cap on what they can charge.
THE rules dictating the amount of money people can borrow for a home and the size of deposits needed are to remain unchanged, the Central Bank said after a review.
Vulnerable people out of work, or earning low wages, are being forced to borrow from legal moneylenders charging interest rates of up to 49.9pc, Sinn Féin leader, Mary Lou McDonald, has warned.
THE Central Bank has licensed a new moneylender.
Young women have come out of the recession less severely affected than their male counterparts due to the nature of job losses brought about by the global financial crisis.
Ireland risks heading into the next economic downturn without sufficient budget firepower, after continued overshooting on spending.
Homeowners have been warned to ensure their insurance policies are up to date and advised to take steps to protect their homes as storms wreak havoc across the country.
A thousand so-called 'fast-track' apartments announced almost six months ago will not be built until late 2019 or even 2020.
The IDA has claimed that the rent for a small "one-person apartment" in Dublin is just above €1,000 per month.
Employers want to pay just half what the Government is proposing into a new 'auto-enrolment' scheme for 860,000 workers with no pension.
It's not the job of the IDA to tell the story of the Irish housing crisis, but State agencies should at least provide an accurate reflection of what's going on in our highly dysfunctional market.
Broadcaster Pat Kenny and his wife Kathy have emerged victorious in their battle against plans for three apartment blocks and seven houses on a site adjacent to their Dalkey home.
One of Ireland’s best known broadcasters, Newstalk's Pat Kenny and his wife, Kathy have won their battle against plans for three apartment blocks and seven houses on a site adjacent to their Dalkey home.
The Government has been warned not to scrap existing pension tax relief as part of its planned shift to so-called auto-enrolment.
The rise in house prices will slow further next year according to property experts surveyed by the Sunday Independent, while demand for houses may be peaking or already have stabilised.
Couples who are living together - and people caught up in the housing crisis - are facing major inheritance tax headaches and bills. These bills, which could easily run into the tens of thousands - and in some cases, hundreds of thousands - could ultimately force the sale of the family home and other treasured possessions.
Query: When I was reviewing my bank statements recently, I noticed that I am still paying for a gym membership even though I cancelled it three months ago. When I followed up with the company to get a refund, it wouldn't entertain a refund without bank statements to prove that I've paid the membership for those months. This will cost me as I have to pay to get the statements from my bank. Can the company do this? Sorcha, Cork city
We have created a monster in the banking sector. Well, make that two monsters. Banks in this country are almost twice as profitable as the rest in the eurozone and have managed to increase their profitability since the financial crash 10 years ago. That is some achievement given the economic upheaval and the impact on ordinary people.
The journalist Michael Moynihan was born and raised in Cork, where he lives with his wife and two children. He is the author of several successful books and has twice been shortlisted for Sports Book of the Year.
Since the global financial crisis ended in 2008, growth stocks have significantly outperformed value stocks. Looking further back, however, we see that value stocks outperformed growth stocks for roughly a decade leading up to the end of the global financial crisis.
Oh dear. Went a little mad on Black Friday and suffering from buyer's remorse? Not to worry. You might still have a remedy to your shopping hangover. Today I'm looking at sending stuff back, and hopefully, getting your money back too.
Question: My partner and I have been engaged for the last two years and are finally getting around to tying the knot. We are trying to save for a house at the moment and so, of course, every penny counts. We were thinking that when we are married our tax credits will change and be accounted for as a couple. I'm wondering will we be any better off after we are married, if I earn €28,500 and my partner earns €52,000?
Consumers are taking out insurance on their mobile phones but then forget to cancel it when they get a new device.
Gardaí have urged consumers to take extra care when using their bank cards online for Black Friday and Cyber Monday sale events.
More than 3,000 victims of the tracker-mortgage scandal are still waiting for compensation, but Finance Minister Paschal Donohoe cannot say when they will receive it.
Unions have urged members who have not claimed tax breaks to seek their entitlements, after it was revealed a Revenue review would end reliefs on work expenses for thousands of workers.
Patients are being forced to pay towards meeting the cost of medical procedures despite having health insurance, an industry expert has warned.
Question:My wife passed away and we have no children. My home is worth perhaps €400,000, and I have around €25,000 in the post office. I live more or less on my pension, which is €16,200 including the old age pension. My wife's death has brought my own mortality into focus. I am 79 and while I have five nieces and nephews I would certainly leave something to, I would prefer my house to be left to a charity where it could be used to house people in need. How would one go about this?
CONSUMERS are taking out insurance on their mobile phones but then forget to cancel it when they get a new device.