Irish banks - Monthly update – government’s latest big idea for the housing market

Davy Research
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The government’s intervention in the mortgage market with an affordable mortgage scheme has dominated investor attention of late. We do not believe this represents a significant threat to competition and expect the scheme to remain a niche offering. The bigger picture is one of a government willing to do whatever it takes to support the housing market, underpinning our confidence in the continued growth in new mortgage lending.