Report: Mortgage lending on the rise

Banks appear to be lending again according to new figures from the Irish Banking Federation, which show a near 50% increase in mortgages in the three months to July.

There was a 46% increase in the number of mortgages approved in the second quarter and a 54% increase in the value of mortgages drawn down.

Yesterday's figures from the CSO showed that property prices in Dublin are rising as fast as they did during the peak of the boom.

You can view the report in full here.