Credit for house purchases declines again

Total credit to private households in Ireland for house purchases was down 2.4 per cent at the end of December, following a quarterly decline of 0.5 per cent, according to the latest figures from the Central Bank.

26th March, 2012

Total credit to private households in Ireland for house purchases was down 2.4 per cent at the end of December, following a quarterly decline of 0.5 per cent, according to the latest figures from the Central Bank.

This was the eighth consecutive quarterly decline, bringing the outstanding amount of loans for house purchase on the balance sheet of Irish resident banks to €80.4 billion. A fall of €17.6 billion during the fourth quarter of last year mainly...

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