Real Estate Alliance's call for Central Bank mortgage rules review likely to fall on deaf ears

Calls from one of the country’s leading estate agency groups for the Central Bank’s mortgage rules to be revisited are likely to fall on deaf ears after the finance minister signalled his support for the lending restrictions.

Finance Minister Michael Noonan ruled out a full review of the restrictions until the beginning of next year at the earliest and claimed that prior to their introduction “it looked a bit scary” that another property bubble could have been emerging.

Mr Noonan’s comments are the latest show of support for the rules after the Central Bank itself said earlier this week that they are “functioning as intended”.