Mortgage growth down 30% since start of year

The pace of mortgage growth is continuing to decline, according to the latest figures from the Central Bank.

The bank says the increase in mortgage lending in the first three-quarters of this year was 30% below the level recorded in the same period last year.

Growth in this area has been slowing since the start of the year and continued its steady decline last month, according to the new figures.

Central Bank Sept statistics … ws_nav.asp

So with all that inventory building up, shrinking mortgage lending, we are grand the fundamentals will save the day if it wasn’t for that pesky stamp duty. The story of the little red hen springs to mind when I think of the EA’s and the absolute nerve to blame SD for the slowdown. … ed_hen.htm

This would seem to tally with
but yet there was widespread reports from the EAs saying that there were QUEUES outside their premises after the changes to the stamp duty regime, and that they have never been busier due to all the savvy investors buying properties. The sunday business post are saying that the autumn selling season has truly kicked off! You read this and something is not right.
Someone is telling lies!!