Today's figures show that net monthly residential mortgages rose last month to €736m, up from the figure of €508m in August. The Central Bank says this confirms the fact that, despite tighter lending standards, lending for the buying of homes remains active.
However, this is a huge decrease from the housing boom's peak in 2006, when the average monthly increase in residential mortgages was almost €2 billion.
Continue reading from source: RTE.ie
