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Fri 10 Oct 2008Mortgage growth rate lowest since 1986
Annual mortgage lending growth fell to 8.5 per cent in September, the lowest level since September 1986, according to new statistics released today.
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”.
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