Debt levels at 7-year low

The net worth of Irish households increased due the largest rise in house prices since 2007 and a fall in household debt which combined to give a per capita household worth of more than €100,000.

“Household net worth resumed an upward trend during Q2 2013, increasing by €6.5bn to stand at €471.6bn. This corresponded to a net worth of €102,852 per capita. The increase in net worth largely reflected a rise in the value of housing assets of 2.3%. This was the largest quarterly increase to the value of housing assets since Q1 2007,” the report said.

Household debt has fallen to its lowest level in almost seven years, according to the figures from the Central Bank.