Via the Central Bank comes the following statistics. I’ve taken the stats and put them in a graph, which I think helps us understand the extent of the mortgage arrears problem. The euro amount of arrears of 180 days or more has increased by 375% since September 2009, or from €306,730,000 to €1,461,816,000 in just three years. The total amount of mortgages in arrears over 90 days is €16.8bn or 15.1% (Source)
The other interesting thing is the new data from the Central Bank. For the first time they have given a breakdown of mortgages in arrears over 180 days. These are worrying statistics: €785,800,000, or almost 54% of the mortgages in arrears over 180 days are in the over 720 days category (out of a total balance of loans of €4,193,875,000).
All the latest data:
One thought on “What now?”
Comments are closed.