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Investor Presentaiton

Residential market continues to be boosted by non- mortgage purchasers although impact has lessened Housing Completions above 14,000 in 2016 but low historically (000s) 100 90 80 70 60 50 40 30 20 10 Non-mortgage transactions still important but falling below 40% of transactions 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 A 80% 70% 60% 50% 40% 30% 20% 10% 0% 1970 1978 1986 1994 2002 2010 Nationally Dublin ex. Dublin Q4 2010 Q2 2011 Q4 2011 Q2 2012 Q4 2012 Q2 2013 Q4 2013 Q2 2014 Q4 2014 Q2 2015 Q4 2015 Q2 2016 Q4 2016 སྦྱ ཀྑུ སྦུ སྦྱ སྦུ I Non-mortgage transactions Mortgage drawdowns for house Non-mortgage transactions % of total (RHS) purchase Source: DoHPCLG, BPFI; Property Services Regulatory Authority Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Note: Non-mortgage transactions are implied by difference between total transactions on property price register and BPFI mortgage data 65 55
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