Irish household borrowing surges at fastest pace since financial crisis, tops €116bn

Irish household borrowing grew at its fastest rate since the 2008 financial crisis, driven primarily by mortgage lending, with total debt now exceeding €116bn. The acceleration signals strengthening credit demand and potential overheating in the housing market, though the sustainability of this trend remains uncertain. This matters as it could prompt macroprudential tightening by Irish authorities and reflects broader credit dynamics in the euro area.