2024 Q1 saw a 19.8% drop in new Irish mortgages, totaling €2.4bn, due to limited second-hand homes and reduced switching.
2024 Q1 saw a 19.8% drop in new mortgages drawn down in Ireland, with a total value of €2.4bn, due to a lack of second-hand homes for sale and reduced mortgage switching activity. Despite the decline, mortgage demand remains strong, with a 60% increase in applications for the Help to Buy scheme compared to Q1 2023. The average mortgage value for second-hand homes reached its highest level since 2005.
May 02, 2024
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