Central Bank says annual rate of increase in Irish residential mortgages in September lowest in 22 years - since September 1986
Oct 31st, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank said today that the annual rate of increase in Irish residential mortgages (including securitised mortgages) continues to fall and the 8.5 per cent increase in September was the lowest since September 1986. Applying the average change in residential mortgages over the third quarter to the rest of the year suggests that the end-year growth rate could be around 7 per cent.