COMMENT: Mortgage figures paint surprising picture despite tough lending rules
Number of loans drawn down could hit €5 billion this year, writes Emma Kennedy
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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