Central Bank: 18% of buy-to-let loans may be in arrears
18 per cent of buy-to-let Irish investor loans may be classed as being in arrears this year, according to the Central Bank.
Some 18 per cent of buy-to-let Irish investor loans may be classed as being in arrears this year, rising about 6 per cent in 2010, according to the Central Bank.
The level of arrears among owner-occupier mortgages may exceed 10 per cent, according to the central bank’s so-called Macro-Financial Review.
The forecasts “can only be regarded as tentative” as they are extrapolated from data that extends between September 2007 and May 2011, according to the report.
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