Figures from the Banking and Payments Federation of Ireland show that in the year to the end of last month, first time buyers were given the green light for mortgages worth a total of almost €9bn.
"First-time buyers continued to drive the market, with 2,171 FTB mortgages approved in February valued at €640 million, a jump of 14.7% and 19.8% year on year in volume and value terms and the highest February levels since the data series began in 2011." "By contrast, we seen a continued decrease in mover purchase volumes, which dropped by 8.4% year on year to 695, the lowest February level since 2016," he stated.
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