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Big jump in mortgage approvals
19 Dec 2014 12:12
A total of 2,752 mortgages were approved per month, on average, in the three months to the end of November, up almost 53% on the same time last year.
The big increase comes as first time buyers seek to get on the property ladder ahead of the introduction of new lending restrictions from the Central Bank.
According to the latest figures from the Banking & Payments Federation Ireland, the value of mortgages approved per month in the three month period was €502m.
The Federation said that a total of 23,796 mortgages were approved for the year to the end of November, up 42.2% on the same time in 2013. The mortgages were valued at €4.2 billion.

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