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Ireland eases mortgage cap plan to help first-time buyers

They will be allowed to borrow as much as 90 per cent of a property valued at up to 220,000 euros
Thursday, January 29, 2015 - 05:50
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The average asking price for a home in Dublin was about 269,000 euros in Q4 last year.

Dublin

IRELAND'S central bank scaled back plans to limit mortgages amid political pressure to aid first-time house buyers as the nation recovers from a real-estate collapse.

First-time buyers will be allowed to borrow as much as 90 per cent of a property valued at up to 220,000

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