A total of 1,135 possession orders were made by the Irish courts in the first nine months of 2015. This is an increase of almost 70% on the same period in 2014, and a 350% increase on the same period in 2013.
While the number of possession orders made by the courts has risen, the number of residential mortgages in arrears has significantly reduced. By the end of September 2015, and for the ninth consecutive quarter, the number of mortgage accounts in arrears had declined and stood at 92,291, which amounted to 12.3% of all residential mortgage accounts. Of these, 65,584 (71.1%) were accounts in arrears for over 90 days, and 37,267 (40.4%) were accounts in arrears for over 720 days.