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

Written 11 months 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: