Download full report with analyst certification and important disclosures
Oct 18 2021, 06:30 IST/BST
Given a very sharp acceleration in Irish housing starts and a broader rebound in housing market activity in 2021, we have decided to raise our forecasts for mortgage lending to €12.1bn in 2022 and €13.5bn in 2023 (versus €11.2bn and €12.5bn previously). The new ‘Housing for All’ strategy, specifically the equity loan scheme, will help this cyclical pick-up in activity. However, we do not expect the Central Bank of Ireland (CBI) review to lead to any loosening of its mortgage lending rules.