Property Sector Analysis
Central Bank mortgage lending limit could break log jam of would-be buyers with high rents
There will still be problems of supply, and the activities of lenders who can impose their own mortgage and deposit lending limits on applicants
The decision by the Central Bank of Ireland to ease mortgage lending rules last week has been welcomed by many of those involved in the real estate sector. Others, however, suggest the changes will make little difference if new lenders are blocked from entering a small, closed market.
The CBI’s macroprudential rules had not changed since they were introduced in 2015 as the country emerged from a severe economic recession which, in particular, hit ...
