New figures from Banking and Payments Federation Ireland show that just over 11,600 mortgages were drawn down during the three month period, valued at over €3.1 billion.
Today's data shows that FTB volumes and values are at their highest levels since 2007 and 2006 respectively, on a year to date basis. "FTBs accounted for almost 80% of home mortgage drawdowns on new properties and 69% of home mortgage drawdowns on secondhand properties in the third quarter of 2023," Mr Hayes said.
When compared to the previous quarter, overall drawdowns were up over 17% in volume terms, and almost 15% in value.A total of 4,161 mortgages were approved during the month - over 60% were for FTBs, while mover purchasers accounted for over 22%.
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