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Central Bank moves to burst the property bubble

The Central Bank is making it harder to get a mortgage - in the hope of stopping a new property bubb...
TodayFM
TodayFM

2:40 PM - 7 Oct 2014



Central Bank moves to burst th...

News

Central Bank moves to burst the property bubble

TodayFM
TodayFM

2:40 PM - 7 Oct 2014



The Central Bank is making it harder to get a mortgage - in the hope of stopping a new property bubble.

People hoping to buy a new house will have limits on the amount they can borrow, depending on cost of the house and the amount they earn.

The bank's admitted that the rules could mean higher rents for people who don't already own a home.

Our political correspondent Gavan Reilly reports.

 

 



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