The link between home value and debt level ‘important when framing budgetary considerations’, say the ESRI and Central Bank. Photograph: Alan Betson

Household spending is more affected by house prices and changing debt levels in Ireland than in other countries, according to new research. As (...)

Illustration: Linda Braucht

A couple of weeks back a Central Bank analyst called Yvonne McCarthy published an illuminating piece of research that revealed that the vast majority (...)

The pay cuts and tax rises of the past five years seem to have produced a very large cohort of people who still have jobs but can no longer afford their boom-time mortgages. Photograph: Alex Slobodkin/ISPC

The revelation that five years into the downturn three-quarters of the people behind on their mortgage payments actually have jobs comes as a surprise(...)

Some three-quarters of all mortgage arrears cases in Ireland involve a household in which the head is currently in employment.The somewhat surprising (...)

Between 1997 and 2007, real Irish house prices increased by an average of 9 per cent per annum, the highest rate for the OECD. Photograph: Alan Betson/The Irish Times

The banks pumped more money into the Irish mortgage market during the boom by increasing the “income fraction” that dictated the amount that could be (...)