Ireland sees largest monthly mortgage rates increase in five years

An average mortgage holder is paying almost €187 extra a month compared to our European neighbours

Irish housing costs such as rent, mortgage rates, gas and electricity are a staggering 78% above the European average.

Ireland continues to hold the second-highest mortgage rates in the eurozone, according to new figures from the Central Bank.

Ireland’s mortgage rate of 2.76%, which increased from 2.69% in December representing the biggest monthly increase in almost five years, is now more than double the eurozone average of 1.31%.