Number of homes in negative equity down, ESRI says

The number of homes in negative equity fell by about 15 per cent in one year, new research from the Economic and Social Research Institute has shown.

1st August, 2014
Three quarters of the 45,000 loans which are no longer in negative equity are in Dublin

The number of homes in negative equity fell by about 15 per cent in one year, new research from the Economic and Social Research Institute has shown.

The number of negative equity loans peaked at 314,000 at the end of 2012, but by the end of 2013 that number had fallen to 269,000, the ESRI said.

Prices in Dublin have risen sharply over the last year, but at a slower pace across the rest of the country.

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