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New mortgage loans exceed repayments for first time in June

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Central Bank statistics indicate annual growth in loans to households for house purchase turned positive for the year to the end of June

A spokesman noted that the total volume of pure new mortgage agreements amounted to €869 million in May, a 9 per cent increase on the previous month, and an increase of 25 per cent in annual terms.

The Central Bank data indicated that net lending to households was €234 million during June, following a net lending figure of €114 million in May.“End-quarter months like June however generally see larger than average increases due to seasonal statistical impacts,” it said.

 

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