Irish homeowners with €300k mortgage paying €229 more a month than euro area average

Irish homeowners with a €300k mortgage being repaid over 30 years are paying €229 more a month than their euro area counterparts, according to figures released today by the Brokers Ireland group.

Pointing to the latest Central Bank report on retail interest rates for December 2019 the representative body for 1,200 general insurance and financial brokers throughout Ireland said this means Irish mortgage holders are paying 1.51% more in interest than the euro area average, a difference that equates to €82k more over the lifetime of a mortgage