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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.
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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.
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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.
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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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