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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Demand continues to outstrip supply in both residential and PRS markets, while developers adapt new build designs to take the pandemic into account

Tina-Marie O'Neill | 1 month ago

Several strategic changes offer an opportunity for positive reform of planning and development

Niall Byrne | 1 month ago

The United States cannot defeat the pandemic like a military foe but it can learn from looking back at its post-war economic recovery

Todd G Buchholz | 2 months ago