Mortgage Approvals – April 201830th May 2018
Banking & Payments Federation Ireland (BPFI) has published the latest figures from the BPFI Mortgage Approvals Report for April 2018.*
The following are the key elements:
- A total of 3,751 mortgages were approved in April 2018 – some 1,776 (47.3% of total volume) were for first-time buyers (FTBs) while mover purchasers accounted for 1,087 (29.0%).
- The number of mortgages approved rose by 14.2% year-on-year and by 11.2% month-on-month.
- Mortgages approved in April 2018 were valued at €842 million – of which FTBs accounted for €400 million (47.5%) and €281 million (33.4%) by mover purchasers.
- The value of mortgage approvals rose by 19.8% year-on-year and by 10.4% month-on-month.
Re-mortgage/switching approvals rose on a year-on-year basis – by 103.5% in value and by 103.8% in volume terms.
The average home purchase approval in April 2018 was €237,732, up by 5.9% year-on-year. The average FTB approval was up by 7.7% year-on-year to €225,000, while the average mover purchase approval rose by 1.7% year-on-year to €258,533.
Data collection for the BPFI Mortgage Approvals Report began in September 2012 covering the period from January 2011 onwards in respect of the market’s main mortgage lenders. The BPFI Mortgage Approvals Report April 2018 as well as the time series data file is available on the BPFI website HERE
[*] The full time series of monthly data from January 2011 onwards is available on the BPFI website.
Note: Banking & Payments Federation Ireland represents banking and payments 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, Head of Communications, firstname.lastname@example.org 087 9016880