Written answers

Tuesday, 5 July 2011

Department of Finance

House Repossessions

9:00 pm

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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Question 197: To ask the Minister for Finance to indicate the number of private houses repossessed by the various lending institutions in each of the past five years to date in 2011; the future prospects given any trend emerging; and if he will make a statement on the matter. [18978/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I have been informed by the Central Bank of Ireland that this information has only been collated since September 2009. Since that date, the Central Bank has published quarterly data on arrears and repossessions on its website: www.centralbank.ie. The number of repossessions of private houses for each quarter is as follows:

To quarter end September 2009 110 repossessions

To quarter end December 2009 101 repossessions

To quarter end March 2010 91 repossessions

To quarter end June 2010 86 repossessions

To quarter end September 2010 81 repossessions

To quarter end December 2010 106 repossessions

To quarter end March 2011 140 repossessions

I do not consider it productive to speculate on the future trend with regard to such repossessions.

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