COMMENT: Mortgage figures paint surprising picture despite tough lending rules

Number of loans drawn down could hit €5 billion this year, writes Emma Kennedy

6th May, 2016
Confidence and perception will be key Pic: Getty

The latest mortgage figures from Banking and Payments Federation Ireland (BPFI), the representative body for the banking sector, revealed that just over €1 billion worth of mortgages were drawn down in the first three months of this year, a lending performance that analysts have described as “surprisingly resilient”.

To put that performance in context it represents a 2.5 per cent increase on the value of new loans for the same period last year,...

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