KBC Bank Ireland predicts mortgage level upturn

The Irish mortgage remains well below healthy levels but activity is picking up strongly, KBC Bank Ireland has said, adding that it was committed to growing its current 10% share of the home loans market here.

The improvement in the number of loans drawn down was signalled earlier this week in industry figures which raised analysts’ hope the moribund market was at last stirring.

KBC Ireland chief executive Wim Verbraeken said the outlook was increasingly more optimistic with the number of enquiries having risen across its 15 outlets, including those in Dublin and Cork.