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Responding to the most recent Central Bank Retail Interest Rates for March 2022, Brokers Ireland said mortgage holders, and aspiring mortgage holders, need to act fast to get the best interest rates available in the market and for anyone looking to long-term security and predictability about their financial outlay to lock-in to the best rates for longer periods of up to twenty and thirty years, depending on circumstances.

The average value of second-hand homes in Galway and the west of Ireland grew by 3.5 per cent last year, according to Sherry FitzGerald.