At the end of August, the Irish Banking Federation published its latest mortgage ‘draw-down’ statistics for the second quarter of 2015. Here are a few data points and trends which may be of interest.
- During the second quarter of 2015, the average mortgage loan was €173,509 (up 1.6% from the same period last year)
- 6,250 mortgages were drawn-down – an increase of 30% compared to the same period in 2014
- First Time buyers (FTBs) remain the dominant segment of the market – 53% of all mortgage draw-downs
- The Mover-purchase segment accounts for 32.7% of mortgages drawn
- The re-mortgage or ‘Switcher’ market represented 3.8% of the market
- Buy-to-Let represents 4% of the market
- Mortgage Top-ups make up the balance – 6.5% of mortgage units drawn down
- The average FTB mortgage loan was €166,237 while the average ‘Mover’ mortgage was €209,710
View the full report here:
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