More than 200 homes in the Republic of Ireland were repossessed during the second quarter of the year, official figures have revealed.
The Irish Central Bank found 63 struggling mortgage holders had their home taken away from them on foot of a court order, while 160 were forced to voluntarily surrender or abandon their property.
As the number of households in mortgage arrears continues to spiral, the amount of repossessions increased significantly from 166 in the first three months of the year to 223 during the second quarter.
The new figures revealed that 97,874 private households were at least three months behind with their mortgage repayments at the end of June. That was up by more than 2,000 from the end of March, when 95,554 were in arrears of more than 90 days. The figure represents nearly 13 per cent of all residential mortgages.
Some 28,860 customers were in arrears of more than two years – an 11.3 per cent increase from the previous quarter.