In August, Irish mortgage approvals rose 2.6% to 4,650, with first-time buyers dominating at 61.5%.

In August, mortgage approvals in Ireland rose to 4,650, a 2.6% increase from the previous year, totaling nearly €1.4 billion. First-time buyers dominated, accounting for 61.5% of approvals, with a record high of nearly 50,000 in the year to August. Despite a 12.5% decrease from July, loan switching surged as homeowners near the end of fixed-rate periods. However, approvals for mover-purchasers declined due to a lack of second-hand properties.

September 27, 2024
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