This graph shows how bad the mortgage arrears crisis is

The amount of money owed to financial institutions has risen 275 per cent in 42 months.

TODAY, THE CENTRAL Bank released new figures that showed that over 95,000 homeowners are in mortgage arrears of over 90 days.

This graph, which was part of that report, shows just how quickly the crisis has developed.

In September 2009, 3.3 per cent of primary home mortgages were in arrears of over three months, accounting for just over €480 million in money owed to banks and building societies.

At the end of March this year, just 42 months later, that figure had jumped by 275 per cent to €1.8 billion, or 12.3 per cent of mortgages.

Read: 95,000 Irish homes are in mortgage arrears over 90 days

Read: Back for good? Irish lenders promoting 90 per cent mortgages

Read:

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

Support us Learn More