Central Bank measures seek to protect new home buyers and further boost confidence

In 2021 and into 2022, ahead of any significant shift of policy or lending restrictions, the Central Bank has engaged with a wide cross-section of Irish society on questions around property

The Central Bank is doing an overarching review of its 2015-introduced macroprudential mortgage restrictions, with a determination on future policy later this year and public opinion canvassed by March 16 2022.

It's now just over seven years since the Central Bank introduced measures to ensure prudent and sustainable lending into the Irish house market (February 2015), and a considered review on necessary measures into the future will be decided upon later this year.

In advance, a date of March 16 looms now for the end of a period of public consultation on the issues involved before continuing on into a major open conference with international expert input: then, in the second half of this year, changes might be afoot as the Central Bank acknowledges “We are very aware of the challenges that the current housing market poses for many people, especially younger generations.