Central Bank publishes Household Credit Market Report: H2 2015

The Central Bank has published its Household Credit Market Report for H2 2015. This is the second time we have published this report, which collates information from a wide range of internal and external sources to give an up-to-date picture of developments in the household credit market in Ireland.

The report focuses on: developments in mortgage credit; mortgage arrears; and non-mortgage household credit.

Some of the key findings include:

• The value, and number, of new mortgage loans increased year-on-year to end-Q1 2015, which continues the trend from 2014.
• The average interest rate on outstanding mortgages in Ireland stood at 2.7 per cent in May 2015.
• The average value of mortgage arrears continues on a downward trend, as does the default rate for non-mortgage loans.

The full report is available to read here.

Notes

The report uses data drawn from Central Bank of Ireland Credit, Money and Banking, Retail Interest Rates, Quarterly Financial Accounts, and Mortgage Arrears aggregate statistics, loan-level data collected by the Central Bank of Ireland from the Irish domestic banks, and the Banking and Payments Federation of Ireland.

The published Central Bank datasets are available at the following link:

• Central Bank of Ireland - Private Household Credit 
• Central Bank Quarterly Financial Accounts
• Central Bank Retail Interest Rates Statistics
• Central Bank Mortgage Arrears Data