Written answers

Tuesday, 14 February 2017

Department of Finance

Home Repossessions

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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166. To ask the Minister for Finance in respect of each regulated bank, the number of habitable residential properties they own or control which are currently vacant; the reasons such properties are vacant; the number of habitable residential properties currently controlled by receivers appointed by that bank which are vacant; and if he will make a statement on the matter. [7453/17]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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167. To ask the Minister for Finance in respect of each unregulated fund, the number of habitable residential properties they own or control which are currently vacant; the reasons such properties are vacant; the number of habitable residential properties currently controlled by receivers appointed by that fund which are vacant; and if he will make a statement on the matter. [7454/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 166 and 167 together.

I am informed by the Central Bank that it does not have the data requested.  The Central Bank publishes only aggregate data for PDH and BTL accounts regarding the number of properties in possession at the beginning and end of each quarter, the number of properties repossessed on foot of a Court Order, the number of properties voluntarily surrendered or abandoned during the quarter and the number of properties disposed of during the quarter.  This information is contained in the Central Bank's quarterly release on Residential Mortgage Arrears and Repossession Statistics.

In its latest statistical release, published on 12 December 2016, the Central Bank noted that during the third quarter of 2016 rent receivers were appointed to 606 BTL properites, bringing the stock of accounts with rent receivers appointed to 6,051.

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