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Researchers say there is a case for compensating those locked out of property market.
The Central Bank’s mortgage rules that cap borrowing for would-be home buyers hurt younger, middle income and less-well-off households, researchers at the European Central Bank (ECB) have found.
The impact in terms of reduced home ownership and higher rents means there is a case to be made for compensating people who are locked out of buying property by caps on lending, they said.
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