December home loans hit €1.2bn

HOUSE HUNTERS borrowed €1.2bn in home loans in December, figures from the Central Bank revealed yesterday.

Sat, 01 Feb, 2003 - 00:00

Colette Keane

Detailing the level of debt in Ireland, the figures showed the amount owed to lending institutions by consumers rose by over €1bn in December to €142.7bn.

This was driven by a rise of €1.2bn in residential mortgage lending - the highest monthly increase during 2002.

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