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IRISH MORTGAGE HOLDERS are carrying the highest mortgage debt ratio in the euro zone – relative to the value of their homes.
According to figures from the Central Statistics Office - the median ratio for owner-occupier mortgage holders in Ireland is nearly twice the eurozone average.
The middle loan-to-value (median) ration for Irish mortgages was 73% compared to the euro zone average of 37%.
The Netherlands is the next-highest country after Ireland – coming in at 52%.
The survey found that while 70% of Irish households own their own home – just 34% still had money owing on their mortgage debt in 2013.
Young people carrying too much debt
The first Household Finance and Consumption Survey found that Dublin has the lowest rate of home ownership but the second-highest number of houses in debt.
Figures released by the Bank and the CSO also found that young people in the 30-34 age group are carrying too much debt.
Just over 57% of households with people aged between 35 and 44 had a mortgage compared to only 3% of households for people aged 65 or older.
The median value of the household main residence, for those who own their homes, is €150,000. However, the report is based on data collected at the end of 2013 and property values have appreciated somewhat since then.
This week the Central Bank published new rules on mortgage lending - setting out a maximum amount of 3.5 times a person’s income.
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I think it’s mad that the English are so into Mrs Browne’s Boys. Is it as popular in Ireland or is it a Dublin thing mainly? Genuine question…
It’s the type of humour. If you look back at English comedies 60′s to 80′s they were largely over the top lampoon type charachter driven like mrs brown.
If the bbc or whoever tried to make something similar today theyd be feicked from a height for making such a throwback, gap in the market fully exploited by what’s his name, I take my hat off.
But to answer your question it’s a generational thing I’d wager.
Yeah It seems that it’s very popular in the UK! I was in Scotland for the summer and had numerous people ask me If I had ever seen Mrs Brown’s Boys. Its filmed in Glasgow too.
The viewers should have been thanking the BBC for any interruption to Mrs Brown’s boys
It’s sh*te everywhere you go
Even after passing away Mandela was briefly able to make the world a better place. Wonder did any of Mrs Browns UK viewers actually know who Mandela was before the interruption.
have your say