Oireachtas Joint and Select Committees

Thursday, 8 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland

9:30 am

Mr. Ed Sibley:

The market is certainly smaller than that in many jurisdictions but in terms of negative equity it is down 60% in the past three years and it will continue to fall. Also, the level of tracker mortgages in the market will continue to fall, as they are paid off and redeemed.