Central Bank To Outline Property Market Plans

The Central Bank will outline its plans to calm the property market today.

Officials will outline proposals that would set out loan-to-value limits on mortgages, as well as loan-to-income caps.

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A period of public consultation will take place, and it's thought the new rules will take effect in the New Year.

It comes a day after figures showed a 14% annual jump in asking prices around the country, and a 25% increase in Dublin.