Rising house prices will result in banks repossessing more homes Phoenix Project Portlaoise

Written 3 years ago by Rebecca Donnelly


The Bank of Ireland CEO Richie Boucher has told an Oireachtas committee that, while it is a last resort, there is a ‘regrettable inevitability’ that repossession cases will rise due to the increase in house prices. The latest CSO figures show that the cost of buying a home in the midlands has risen by fifteen per cent in the past year. John McGrath, Chairman of the Phoenix Project, has been speaking to Will O Callaghan on the Midlands Today Show: