Central Bank rules blamed for sluggish house sales

Central Bank rules blamed for sluggish house sales

Patrick Honohan has said that the bank is “not dissatisfied” with the impact of its new mortgage lending rules

A county manager has warned of a slowdown in new house sales in north Dublin.

Fingal council chief executive Paul Reid said there were 45 active sites where new homes were being constructed. “We’re seeing more builders up and running, and more active sites than we ever had. But the difficulty seems to be in selling the stock,” he said.

Reid has been meeting with developers in the region, who are blaming the new Central...

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