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News

Range of solutions and stakeholders needed to resolve housing needs: some progress evident – Housing Market Monitor

6th June 2019

The latest Housing Market Montior Q1 2019 published today by Banking & Payments Federation Ireland (BPFI) points to the need for a range of solutions and stakeholders to meet current housing needs; however, it also points to some positive signs  within the market.

Drawing on BPFI’s unique loan-level data as well as a range of published data including housing supply, housing prices and rents and housing transactions for its assessment of the current state of the housing market, the latest BPFI Housing Market Monitor presents some key highlights.

Consumers show strong preference for contactless payments – BPFI Payments Monitor

30th May 2019

Consumer preferences for contactless credit and debit card payments, as well as for digital banking payments, are very evident from the latest BPFI Payments Monitor pubished today by Banking & Payments Federation Ireland (BPFI).  This shows that during the second half of 2018 the volume and value of contactless payments both grew by almost 60%; and digital banking payments were up 12.6% over the same period.

Mortgage Approvals: solid year-on-year growth, especially for first time buyers

28th May 2019

Banking & Payments Federation Ireland (BPFI) has published the latest figures from the BPFI Mortgage Approvals Report for April 2019.*

The following are the key elements:

  • A total of 4,109 mortgages were approved in April – some  2,111 (51.4% of total volume) were for first-time buyers (FTBs) while mover purchasers accounted for 1,078 (26.2%).
  • The number of mortgages approved fell by 0.8% month-on-month and rose by 5% year-on-year.
  • Mortgages approved in April 2019 were valued at €931 million – of which FTBs accounted for €492 million (52.9%) and €272 million (29.2%) by mover purchasers.
  • The value of mortgage approvals rose by 1% month-on-month and by 10.5% year-on-year.
BPFI Safeguarding Customers Guide

20th May 2019

As the latest Safeguarding Ireland awareness campaign gets underway highlighting the issue of abuse of vulnerable adults, BPFI is reminding consumers of its safeguarding guide which provides advice on protecting against financial abuse.

Over 40% of 18-24-year olds willing to act as “Money Mules”  – new FraudSMART survey

10th April 2019

An Garda Síochána in association with FraudSMART, a fraud awareness initiative led by the Banking & Payments Federation Ireland (BPFI), are advising consumers, particularly young adults, to be alert to the risks and consequences of recruitment as “money mules”. The warning comes as a new survey commissioned by BPFI as part of its FraudSMART campaign for 2019 shows strong evidence of money mule activity among young people in Ireland.

Mortgage Approvals: Uplift very evident in February

28th March 2019

Banking & Payments Federation Ireland (BPFI) has published the latest figures from the  BPFI Mortgage Approvals Report for February 2019.

The following are the key elements:

  • A total of 3,364 mortgages were approved in February – some  1,693 (50.3% of total volume) were for first-time buyers (FTBs) while mover purchasers accounted for 931 (27.7%).
  • The number of mortgages approved rose by 10.8% month-on-month and by 7.2% year-on-year.
  • Mortgages approved in February 2019 were valued at €757 million – of which FTBs accounted for €391 million (51.6%) and €233 million (30.8%) by mover purchasers.
  • The value of mortgage approvals rose by 12.7% month-on-month and by 9.6% year-on-year.