Irish central bank sees mortgage limits as permanent
Dublin
IRELAND'S central bank expects to make permanent controversial loan-to-value and loan-to-income limits on mortgage lending introduced last year, though the levels may be calibrated, the deputy governor said on Sunday.
Politicians from across the political spectrum have criticised the limits, which aim to avoid a repeat of the 2008 property crash, saying the required 20 per cent deposit puts house ownership beyond the means of many.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Australian budget to target housing woes with more construction workers
UK construction growth hits 14-month high in April, PMI survey shows
KKR buys 14 hotels in Japan, converts them to midscale Sheraton properties
Abu Dhabi developer Aldar picks banks for 10-year green sukuk
UK house prices stagnate in April as higher mortgage costs bite
When buying a home is treated as a national security threat