Mortgage growth at lowest level in 22 years

The rate of growth in Irish mortgage lending is at its slowest for 22 years, according to the latest figures from the Central Bank.

The bank says total lending on residential mortgages increase by 8.5% in the 12 months to September.

This is the lowest rate since September 1986.

The Central Bank says it expects the rate of increase will be around 7% by the end of this year.


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