Mortgage growth rises by lowest level in 12 years

RESIDENTIAL mortgage growth rose by its lowest level in 12 years in November according to figures released by the Central Bank.

Mortgage growth rises by lowest level in 12 years
Thu, 01 Jan, 2009 - 00:00

It said mortgage lending grew by just €96m in the month, compared with an average monthly increase of almost €2 billion at the height of the housing boom in 2006.

It also compares with an average monthly increase of more than €850m between January and September of this year.

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