3,800 repossession orders granted as home seizures to rise

Almost 3,800 repossession orders were granted by the courts over a four-year period, figures released to the Irish Examiner have revealed.

Despite this, the CEO of the Irish Mortgage Holders Organisation has warned the rate at which such orders are issued will increase as the influence of vulture funds is felt in the Irish market.

An analysis of the figures released by the Courts Service show almost 84% of the orders granted from 2013 until 2016 relate to residential properties.