Tanaiste welcomes review of mortgage lending rules suggesting changes may increase the supply of houses
The Central Bank will carry out a review of the restrictions that limit borrowing to 3.5 times your salary
The measures were brought in after the financial crash.
Tánaiste Leo Varadkar has said he believes the rules have kept house prices down:
"You're correct to say that they are going up, they went up by about four and a half percent in the last year. But it is worth pointing out that notwithstanding that, home values in Ireland are still lower than they were, substantially lower than they were when they peaked 14 years ago"
More from Cork
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Lord Mayor Of City Felt Privileged To Represent Cork During Such A Difficult Time As He Faces Into Last Month In Office
Councillor Joe Kavanagh will be handing over the mayoral chains outside of City Hall for the first time ever on June 18th due to the pandemic
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Expert calls for people to reduce meat intake
Eating too much meat can increase the risk of serious illnesses by as much as 30%.
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International Care Day Is Being Celebrated At The Bessborough Centre In Blackrock Today
The event highlights the positive impact of the experience of young people in care
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UPDATE: Teenage Girl Killed And Three Teenage Boys Injured In Knocknaheeny Crash
It's understood the teenage driver of the car fled the scene on foot
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Angry Farmers To Stage Protest Outside Aldi in Mitchelstown Later
They're appealing to retailers to come to the talks table
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UPDATE: Toddler Who Was Injured At Her Home On The Boreenmanna Road Has Died
The two year-old was rushed to hospital with traumatic head injuries