The latest figures from the IBF Mortgage Approvals Report, published by the Irish Banking Federation (IBF), show that 1,673 mortgages to the value of €281 million were approved by lenders here during the month of September.
The following are the key elements:
A total of 1,673 mortgages were approved in September, of which 1,544 (92%) were for house purchase.
The number of mortgages approved increased by 10.1% on an annual basis (from September 2012) and fell by 5.8% on a monthly basis (from August 2013).
The value of mortgages approved in September was €281m, of which €269m (96 %) was for house purchase.
The value of mortgage approvals grew by 5.8% on an annual basis and fell by 5.5% month-on-month.
The overall trend in mortgage approvals over recent years is presented in the following graphs:
Data collection for the IBF Mortgage Approvals Report began in August 2012 covering the period from January 2011 onwards in respect of the market’s main mortgage lenders. The full report can be viewed here.
Note: The Irish Banking Federation (IBF) is the principal voice of the banking and financial services sector in Ireland, representing over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.
Contact: Jillian Heffernan, Marketing Communications Manager, IBF Ph: 01 4748835 / 087 9016880