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Mortgage Approvals – December 2014

3rd February 2015

Banking & Payments Federation Ireland (BPFI) has published the latest figures from the BPFI Mortgage Approvals Report for the three months ending December 2014.

The following are the key elements:

  • A total of 2,780 mortgages were approved per month, on average, in the three months ending December 2014, of which 2,564 (92%) were for house purchase.
  • The number of mortgages approved rose by 57.8% year-on-year and 1% month-on-month.
  • The value of mortgages approved per month, on average, in the three months ending December 2014 was €511 million, of which €483 million (95%) was for house purchase.
  • The value of mortgage approvals increased by 61.2% year-on-year and by 1.8% month-on-month.

A total of 26,576 mortgages, valued at €4.7 billion, were approved during 2014, based on the three-month moving average. This represents an increase of 43.6% compared to 2013.

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 December 2014 is available on the BPFI website here.

All figures are based on the three-month moving average. Year-on-year compares the average for the three months ending December 2014 with the three months ending December 2013. Month-on-month compares the average for the three months ending December 2014 with the three months ending November 2014.

Ends/

Note: Banking & Payments Federation Ireland is the voice of 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, BPFI, ph: 01 474 8835 / 087 9016880

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