Monthly statistics from the Central Bank of Ireland showed residential mortgage lending grew by €736 million last month, ahead of the €508 million reported in August.
In a statement the Central Bank said that despite tighter criteria “lending to households for house purchase remains active, albeit at a much slower pace than during the peak of 2006”.
Overall private sector credit showed a decline last month for the first time since January 2003, although the Central Bank said the decline was technical rather than as a result of more loans being repaid than were taken out.
Continue reading from source: IrishTimes.com
