Dáil Éireann Debate, Tuesday - 6 November 2012
250. Deputy Gerry Adams asked the Minister for Finance if figures exist in relation to the number of buy to let mortgages in the system here at present; and the percentage of these mortgages that are currently in arrears. [48519/12]
View answerThe Central Bank has advised me that it will be formally publishing statistics on buy-to-let arrears before the end of this year. The Central Bank has stressed that the data it currently has on buy-to-let arrears are provisional and are based on best estimates at present. At the end June 2012, there were approximately 150,000 residential mortgage accounts for buy-to-let properties held in the State, to a value of €32 billion. Of this stock of accounts, approximately 38,000 (25%) were in arrears. The total value outstanding on these accounts was €11 billion. Approximately 30,000 accounts (20%) were in arrears of more than 90 days. The total value outstanding on these accounts was €9 billion.
