Irish mortgage holders paying €2,000 more each year in interest rates than Europeans

The average mortgage holder in Ireland is spending an extra €167 each month when compared with our European neighbours. Picture: iStock

Irish mortgage holders are paying as much as €2,000 more per year in interest rates compared to our European counterparts, according to new Central Bank of Ireland figures.

The data shows that Ireland and Greece have the highest mortgage interest rates in Europe, with the average rate in the two countries now twice the European average at 2.79%.