Almost 5,000 mortgages were approved in October, with first-time buyers accounting for nearly two-thirds of the total. The increase is attributed to the European Central Bank's interest rate reductions and government affordability schemes like Help to Buy and First Home.
BPFI chief executive Brian Hayes: 'Volumes rose to almost 27,000 during the first 10 months of the year'. Photograph: Eric Luke
In volume terms, this was up 8.6 per cent on the previous month and up 13 per cent compared with the same period last year.‘I was a cleaner in my dad’s office, which makes me a nepo baby. I got €50 a shift’Eoghan O’Mara Walsh: Dublin Airport cap must be scrapped if tourism growth targets are to be achieved
First-time buyers were approved for 2,981 mortgages or almost two thirds of the total mortgages approved in October while mover purchasers accounted for 1,033 . First-time buyer activity is – in part – being fuelled by the two Government affordability schemes, the Help to Buy and the First Home schemes, which provide direct State support to buyers.
Mortgage Approvals First-Time Buyers Banking And Payments Federation Ireland Interest Rate Reductions Government Schemes
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