Friday December 6, 2019

Central Bank leaves mortgage rules unchanged

House prices would have risen by as much as 25 per cent more if lending restrictions had not been in place, report says

Ian Guider

Markets Editor

4th December, 2019
Gabriel Makhlouf, the Central Bank governor: “The mortgages measures are working and because of that we aren't proposing changing them.” Picture: Patrick Browne

The Central Bank has left its controversial mortgage rules unchanged, warning that house prices would have risen even higher if they had not been in place for the past four years.

In his first major act as governor, Gabriel Makhlouf said that following a review of the measures, which require borrowers to meet certain loan-to-income and loan-to-deposit rules, there would be no changes next year. Exceptions that allow banks to offer mortgages outside these requirements...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Finance Minister aims to run budgetary surpluses and meet stricter debt targets in face of ‘clear and present danger’

Peter O'Dwyer | 2 days ago

Irish Fiscal Advisory Council criticises reliance on corporation tax and failure to pay down national debt

Ian Guider | 1 week ago

‘Generations of young people can’t get a permanent job, don’t have pensions, and will never own their own homes,’ said Labour leader

Michael Brennan | 3 weeks ago