Saturday 24 February 2018

Property market must work before any recovery

THE full extent of the mortgage crisis was finally revealed by the Central Bank yesterday when it gave details about the situation in the buy-to-let market for the first time and more information about arrears.

The new figures show that 20,000 people are in arrears for more than two years while an astonishing 180,000 mortgages are in some sort of trouble.

Hardly a street or an estate in Ireland is unaffected but the banks are in complete denial about the problem.

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