ICS lending shows 20% increase

ICS Building Society managing director Joe Larkin says lending was 20% up in the first two months of this year.

Addressing the society’s AGM in Dublin yesterday, Mr Larkin said the strong mortgage book growth recorded last year had continued so far in 2005.

Mr Larkin added: “The housing market is very close to achieving supply/demand equilibrium in most locations, and we are still experiencing record activity in the market.”