Residential mortgages' value up 10.4% in third quarter, say banks

The value of new Irish residential mortgage loans issued in the third quarter rose 10.4% from a year earlier, the first annual increase in six years, according to the IBF.

8th November, 2012
Residential mortgages' value up 10.4% in third quarter, say banks
New home loans increased 24 per cent during the quarter from the previous three months, the IBF said.

The value of new Irish residential mortgage loans issued in the third quarter rose 10.4 per cent from a year earlier, the first annual increase in six years, according to the Irish Banking Federation.

New home loans increased 24 per cent during the quarter from the previous three months, the IBF said in a statement today.

A total of 3,983 new mortgages to the value of €663 million were issued during the third quarter of 2012, bringing...

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