New Mortgage Lending In Ireland Plunges 38.5%

23 Aug 2010

New mortgage lending in Ireland plunged 38.5% in the second quarter compared with a year earlier, according to the Irish Banking Federation’s IBF/PwC Mortgage Market Profile, with the value of the loans falling from €2.2 billion ($2.8 billion) to €1.3 billion ($1.65 billion).

New mortgage lending in Ireland plunged 38.5% in the second quarter compared with a year earlier, according to the Irish Banking Federation’s IBF/PwC Mortgage Market Profile, with the value of the loans falling from €2.2 billion ($2.8 billion) to €1.3 billion ($1.65 billion). Lending for the second quarter, ...

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