BoI provides €2bn for house buyers

Bank of Ireland hasestablished a new €2bn fund aimed at first-time buyers and people looking to move house following the news that house prices have been increasing.

The bank is looking to unleash pent up demand for houses that is being brought about by a shortage of housing stock in certain areas of the country.

Director of consumer banking with Bank of Ireland, Gavin Kelly said that the increase in the number of people working has helped stimulate demand for houses.