Central Bank says annual rate of increase of Irish residential mortgage lending fell to 5.8% in December - - the lowest annual rise since 1986
Jan 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank said today that monthly changes in Irish residential mortgage lending in October and November were historically low. However, mortgages increased by €281 million in December, leaving the average monthly increase for the year of just €676 million, compared with €1.4 billion in 2007. This resulted in the annual rate of increase in December fell to 5.8 per cent, the lowest annual rise since 1986.