Housebuilding is picking up, and property inflation is expected to fall ROLLINGNEWSAlmost €9.5 billion of home loans will be taken out next year as housebuilding picks up and asking prices moderate, research suggests. Davy, the stockbroker, said it expected mortgage lending to increase from about €7.5 billion this year to €9.3 billion as demand continues to grow. Residential property price inflation accelerated to 12.8 per cent in September — the fastest pace since May 2015. The residential property price index is 24 per cent below its 2007 peak. Consequently, the share of loans exceeding the 3.5 times loan-to-income limit set down by…

Source: The Times December 01, 2017 00:00 UTC