Irish Mortgages June 2011: 55,763 accounts - - 7.2%, - - in arrears 90 days+; 95,158 in arrears 90 days+ or restructured
Aug 29th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank today published the latest data on mortgage arrears and repossessions for the period ended June 2011. The figures show that 7.2% of private residential mortgage accounts are in arrears for more than 90 days. At the end of June 2011 there were 777,321 private residential mortgage accounts held in the Republic of Ireland to a value of €115bn. Of these, 55,763 accounts, or 7.2%, were in arrears for more than 90 days. This compares with 49,609 accounts (6.3% of total) that were in arrears for more than 90 days at the end of March 2011. 95,1581 accounts were either in arrears greater than 90 days or have been restructured.