A spike in house prices is unlikely to follow a rise in the value of mortgage approvals, it’s been claimed.
More than 5,000 mortgages worth a record 1.3 billion euro were granted by Irish banks in November, according to the Banking and Payments Federation.
The value of approvals is up 33 percent compared to the same period last year.
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However, despite this strong consumer demand, and a relative shortage of supply, Tommy Corbett of Carey Corbett Financial Solutions in Ennis thinks central bank lending limits will ensure that house prices don’t soar.
