Limited Impact of Central Bank mortgage rules on FTBs

Sarenco

Frequent Poster
http://www.centralbank.ie/publications/Documents/Economic Letter - Vol 2016, No. 3.pdf

Average (mean) value of property acquired by FTBs in 2015:-
  • Out of scope of CB regulations - €230,424
  • In scope of CB regulations - €234,599
Average (mean) loan to income (LTI) ratio for FTBs:-
  • Out of scope of CB regulations - 2.9
  • In scope of CB regulations - 2.8
Average (mean) loan to value (LTV) for FTBs:-
  • Out of scope of CB regulations - 80.7%
  • In scope of CB regulations - 78.9%
It's hard to understand the media and political hysterics on the basis of those figures.
 
Here is the full table from that report. There is no difference between the loans approved before the rules came into effect and the loans approved afterwards.

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