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First-time buyers mortgage drawdown return to Celtic Tiger era levels

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Overall level of new mortgage drawdowns fell in the period compared to a year earlier but demand among first-time buyers remains strong

First-time buyers drew down €1.9 billion of new homeloans in the third quarter of the year, the highest value of mortgage drawdowns since the Celtic Tiger.

Figures published by the Banking & Payments Federation Ireland on Friday showed a total of 11,614 new mortgages with a combined value of over €3 billion were drawn down in the three months, a decrease of 21.8 per cent in both volume and value compared to the same ...

 

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