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Irish Mortgage Holders Continue To Pay The Highest Mortage Interest Rates In the Eurozone.

Stock image: Pixabay

The average rate is 2.73 per cent

A lack of competition in the Irish mortgage market is one factor behind the high cost of borrowing in Ireland.

That's the view of one expert, as figures from the Central Bank showed the country had the highest interest rates in the eurozone once again.

The average rate is 2.73 per cent, which is over double the average rate of 19 Eurozone countries.

Darragh Cassidy is Head of Communications at Bonkers.ie

He joined Ciara Noble on Thursday's edition of Kildare Today.

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