Ireland Financial News - Mortgages & Banking » Mortgage lending http://www.eiremortgage.com All about Mortgages & Banking in Ireland Fri, 29 Jul 2011 18:59:08 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Ireland Mortgage lending at lowest since 1986 http://www.eiremortgage.com/2008/12/31/ireland-mortgage-lending-at-lowest-since-1986/ http://www.eiremortgage.com/2008/12/31/ireland-mortgage-lending-at-lowest-since-1986/#comments Wed, 31 Dec 2008 12:05:04 +0000 admin http://www.eiremortgage.com/?p=112 The latest figures from the Central Bank show that weakness in residential mortgage lending persisted in November.The Central Bank says that mortgage lending rose by just €96m in November.

This compares with an average monthly increase of over €850m between January and September of this year.

It also compares with an average monthly increase of almost €2bn at the height of the housing boom in 2006.

The annual rate of increase in residential mortgages slowed to 6.7% last month from 7.6% in October – the lowest annual rate of increase since 1986.

Overall, private sector credit growth slowed to 8.4% in November from a figure of 8.9% the previous month.

The figures from the Central Bank also show that new credit card spending was slightly over €1bn in November, the lowest level since April 2006

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