Pursuits
Irish Home Loans Arrears Advance to 8.1% as House Prices Fall
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Irish home loans in arrears for more than 90 days rose to 8.1 percent at the end of September as home owners struggle to repay debt following the collapse of the economy’s property boom.
A total of 62,970 loans were in arrears for the period compared with 55,763 residential mortgages at the end of June, according to a statement from the Irish central bank today. That compares with 7.2 percent in June.