Central Bank says Irish residential mortgage lending fell for seventh straight month
Nov 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Irish Central Bank said today that residential mortgages (including securitised mortgages) fell by €162 million during October - - the seventh straight monthly fall. Mortgages outstanding at the end of October were €147.8 billion. The annual rate of change in mortgage lending is now down to just 0.2 per cent. Non-housing related household credit continued to decline during the month, and was approximately 18 per cent lower on an annual basis in October.