Written answers

Tuesday, 8 November 2022

Department of Finance

Departmental Data

Photo of Richard BrutonRichard Bruton (Dublin Bay North, Fine Gael)
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269. To ask the Minister for Finance if there is a record kept of properties which have come into the possession of mortgage holding institutions, which have not been sold or rented, or of properties which are held by an official assignee in a bankruptcy case, which have not been sold or rented; and if such properties have been made the target of any public policy initiative to bring them back into use. [54621/22]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank of Ireland publishes statistics on mortgage arrears and repossessions on a regular basis. The latest available data, which is in respect of the end of June 2022, shows the following:

-  in respect of primary dwelling houses, 146 were in the possession of banks and 209 were in the possession of other Central Bank regulated entities at that time, giving a total of 355 such properties;

-  in respect of buy to let properties, 170 were in the possession of banks and 55 were in the possession of other Central Bank regulated entities at that time, giving a total of 225 such properties.

Decisions in relation to mortgaged properties in the possession of Central Bank regulated entities are, subject to the duties which generally apply to a mortgagee in possession, a business and operational matter for the respective mortgagee.

In relation to the management of properties which are held by the official assignee in a bankruptcy, that is a matter for my colleague the Minister for Justice and the Insolvency Service of Ireland.

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