First time buyers comprised almost half of the 11,500 home loans accessed.
There was a 41 per cent increase in mortgage draw-downs between July and September, compared to the same period last year.
Almost 11,500 were drawn down by borrowers in the third quarter of this year.
Latest BPFI mortgage data shows strong growth in mortgage drawdowns and approvals.
— Banking & Payments Federation Ireland (@BPFINews) October 27, 2021
Almost 54,400 mortgages were approved in the twelve months ending September 2021, valued at almost €13.5 billion.
Full report here: https://t.co/Xj4DWA4tWz pic.twitter.com/VTWnn3GpiU
That's up 19 per cent on the previous three months.
Brian Hayes, from the Banking and Payments Federation, says the latest trend is significant.
First-time buyers made up over half of the 11,500 loans.
The figure for Quarter 3 is also up 19 per cent on the previous three months.
Brian Hayes expects the trend to continue
.
RTÉ Appeals For An Increase In Licence-Fee Top-Up, As The Number Of Households With A TV Dwindles
Demands For Carers' Payments To Be Increased
Man Injured In Carlow E-Scooter Incident
Body Of Woman Has Been Found At House In Kerry
Data Centres Account For Almost One Quarter Of Ireland's Electricity Usage In 2025
Man In 70s Charged With Wife's Murder In Laois
MEPs Meeting This Morning To Discuss Ireland's EU Presidency
Kildare Property Prices Rise By €20,000 In One Year
