The lending limits have been blamed for a slowdown in home building, and for trapping people in rental accommodation. The Central Bank has just issued a review it carried out on the lending limits, but has decided they do not need to be adjusted in any way. But it said property prices would be even higher without the limits. Supply is the issue in the property market, not the lending rules, it said. It said that the lending limits were not put in place to target house prices, but to ensure that people do not over-borrow, and banks do not over-lend.

Source: Irish Independent December 05, 2019 02:26 UTC