One in five Irish home-owners is now under waterThe Bank of Ireland alone says that 40,000 of its 199,000 residential mortgages (20 per cent) are under waterThe bank holds 25 per cent of the Irish mortgage market which means that an estimated 160,000 home-owners in Ireland are in negative equityThese numbers are in line with a report from the ESRI (Economic and Social Research Institute) which says that 200,000 Irish home owners will be under water by the end of this year Read more![]()
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