Dan White: Our long-term mortgage debt could strangle house recovery by Irish Independent 07/01/2013

by Irish Independent 06/01/2013

THE apparent stabilisation of the housing market in 2012 is threatened by the huge number of houses and apartments (almost 60,000) on which the mortgages are now more than a year overdue. Only if the banks start lending again can this timebomb be defused without triggering a fresh property price collapse.


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