Written answers

Thursday, 27 March 2014

Photo of Maureen O'SullivanMaureen O'Sullivan (Dublin Central, Independent)
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50. To ask the Minister for Finance if he will provide the statistics for residential mortgage sales of private residential homes and buy-to-let properties by banks and the National Asset Management Agency-Irish Bank Resolution Corporation for the quarter ending December 2013; if he will consider publishing these figures alongside the quarterly repossession and mortgage arrears statistics, as published by the Central Bank of Ireland for a more complete picture to emerge around figures; and if he will make a statement on the matter. [14633/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Central Bank has advised that according to its latest 'Residential Mortgage Arrears and Repossession Statistics' for the quarter to end December 2013 (), a total of 168 principal dwelling houses (PDH)  and 69 buy-to-let properties were taken into possession by lenders.  During the same quarter, 186 PDH and 60 BTL properties were disposed of.  The Deputy may wish to note that the Central Bank's publication includes IBRC data.

As the Deputy may be aware, NAMA was set up to remove land and development loans and associated loans from the balance sheets of the Participating Institutions and it does not currently deal with residential mortgages.

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