Some 4,520 mortgages were approved in March. Of these, 2,801 — or 62 per cent — were for first-time buyers, which was the highest share for first-time buyers since the data was first published in 2014.
The industry body’s loan approvals data shows some 4,520 mortgages were approved in March. Of these, 2,801 — or 62 per cent — were for first-time buyers, which was the highest share for first-time buyers since the data was first published first became available in July 2014.
Some 10,908 new mortgages to the value of €2.87 billion were drawn down in the first three months of 2023, the BPFI said. This was down 31.1 per cent in volume and 34.1 per cent in value compared to the fourth quarter of 2022.First-time buyers remained the single largest segment of the mortgage market, accounting for 50.8 per cent by volume and 51.1 per cent by value.
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