Mortgage rules 'impacting Dublin house price growth'

Mortgage rules 'impacting Dublin house price growth'
The Central Bank said that it is continuing to proceed with enforcement activities against a handful of banks, which will likely result in significant fines

The annual rate of increase in residential property prices outside the capital in June was 15.2 per cent. This compared with 9 per cent in Dublin – the first time the Dublin figure has been below 10 per cent since May last year

Economists believe the Central Bank limits on mortgage lending are beginning to have an impact on residential property prices in Dublin, following new figures showing a much faster rate of growth outside the capital.

The Central Statistics Office said residential property prices rose by 12 per cent in the year to June, a slight slowdown from May’s 12.4 per cent and well down on the...

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