European Commission reports mortgage reposessions rising at ‘accelerated pace’
The European Commission has noted that house repossessions here are increasing “at an accelerated pace” as the banks take action on those with long-term arrears.
The commission has been unhappy about the slow rate of mortgage repossessions here, which are politically toxic and remain among the lowest levels in Europe.
But in its latest surveillance report on the country after the bailout, it noted “some progress” in dealing with the mortgage arrears crisis.
“Actual repossessions remain low, but are increasing at an accelerated pace, in spite of the lengthy foreclosure process,” the report said.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Proposal for expert panel to review capital projects over €100m
Large public capital projects could be run through an “independent panel of international experts” as part of public spending reforms, according to the Department of Public Expenditure
State body to reissue €28m office supplies contract
The contract covers the supply of office stationery to a range of government bodies and agencies, including the HSE, universities, hospitals, councils and schools
Sinn Féin open to coalition deal, but on condition of border poll
Party would launch the ‘largest public house building programme that Ireland has ever seen’ and a national health service
Fine Gael ‘will go to war’ if Bailey runs as independent
The party threatens to put significant financial resources behind its own candidates in bid to ensure that she is ‘never seen again’ in politics