Competition concerns persist as Ireland back to having highest mortgage interest rates in eurozone

Portugal and Finland charge the lowest mortgage rates, at just 0.8% and 0.71% respectively

For someone borrowing €250,000 over 30 years in Ireland, they pay over €181 extra a month, or almost €2,200 a year, compared to people elsewhere in the eurozone.

Ireland has reclaimed the unwanted title of having the highest mortgage interest rates in the eurozone, despite a widening of competition in the domestic lending market.

Having trailed only Greece’s high homeloan repayment rates in recent months, latest Central Bank figures show Irish mortgage rates, once again, are the highest among the 19 countries sharing the euro.