Central Bank mortgage lending rules can lead to rising rents, ECB says 

ECB research says rules 'negatively impact' lower-income and younger buyers

The research also found reducing access to credit could also lead to homeownership increasingly being concentrated in the hands of wealthier households. 

Measures that restrict access to mortgage credit, such as the ones employed by the Central Bank of Ireland, can lead to an increase in rents and “negatively impact” lower-income as well as younger households, new research from the European Central Bank (ECB) has said.

In its latest research bulletin, which focuses on how limiting access to mortgage credit can “push up rents and reduce welfare for renters and prospective buyers”.