Number of new mortgages slumps by 56%

The number of new mortgages taken out during the third quarter of the year fell by over 56% as compared to the same time last year.

Number of new mortgages slumps by 56%
Wed, 11 Nov, 2009 - 11:47

The number of new mortgages taken out during the third quarter of the year fell by over 56% as compared to the same time last year.

The latest Irish Banking Federation/Pricewaterhouse Coopers Mortgage Market Profile shows that just over 12,000 loans were drawn down during July, August and September.

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