The average new mortgage rate in this country was 2.79pc in January.
Although this is down 13 basis points on January 2020 it is still the highest in the Eurozone
The average for the euro area stood at 1.29pc, although the rate varied considerably across countries.
“Ireland had the highest mortgage interest rates across the euro area,” the Central Bank said.
In December, Greece had the distinction of having the most expensive home loans, but now Ireland has gone back on top of the league of shame.
Fixed rate mortgages accounted for 80p of new agreements over the month, according to the Central Bank’s ‘Retail Interest Rates: January 2021’ publication.