News Editorial

Saturday 10 December 2016

It's time Central Bank revisited lending rules

Published 05/10/2016 | 02:30

The Central Bank headquarters in Dublin
The Central Bank headquarters in Dublin

The stringent Central Bank lending rules were introduced to avoid another housing bubble.

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But many are beginning to ask, legitimately, whether the remedy is far worse than the malady.

There is no prospect of producing another housing bubble because there are virtually no houses being built. Those who wish to own a house cannot afford to buy one, while those who seek to rent one continually find themselves chasing an upward spiral, as demand so far outstrips supply.

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