Irish research finds macro-pru tools have ‘greater impact’ on first-time buyers
First-time buyers are younger and on a lower income
Macro-prudential policies aimed at capping loan-to-value (LTV) and loan-to-income (LTI) ratios have a "greater impact" on first-time buyers in the residential property market than others, according to research published by the Central Bank of Ireland today.
In the economic letter Do first time buyers default less? Implications for macro-prudential policy, Robert Kelly, Terry O'Malley and Conor O'Toole find first-time buyers in Ireland have a lower income and are younger than ‘second and
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