Saturday October 24, 2020

SBP editorial: More repossessions to come as vultures prepare to swoop

17th December, 2017

The Central Bank’s latest quarterly figures on arrears and repossessions show that 420 owner-occupier homes were repossessed by lenders in the third quarter of 2017, up from 340 in the previous quarter. Since 2010 a total of 12,295 properties have been repossessed by lenders.

It is a small number – roughly 1.5 per cent of the housing stock. Of the properties taken into possession during the quarter, 137 were repossessed on foot of a court order, while the...

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