2021 Q2 in Ireland saw a decrease in mortgage approvals, with first-time buyer volumes reaching their highest since 2007 and mover-purchaser approvals dropping 10.4%.
Mortgage approvals in Ireland decreased both monthly and yearly in June, according to the Banking & Payments Federation Ireland (BPFI). During Q2 of 2021, 10,110 new mortgages worth €2.85bn were drawn down by borrowers, with first-time buyers accounting for approximately two-thirds of the market. Mover-purchaser activity saw a slowdown due to limited supply in the second-hand property market. First-time buyer mortgage volumes reached their highest level since 2007, while mover-purchase approvals fell 10.4% to 980.
July 29, 2024
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