€40 billion borrowed to buy homes last year

Homeowners and residential investors borrowed almost €40 billion to buy property last year - about 20 per cent more than in 2005, according to a study to be published this week.

17th February, 2007

The study, by the banking lobby group, the Irish Banking Federation (IBF) and PricewaterhouseCoopers will show that the total value of mortgages issued last year to homeowners and residential investors was €39.9 billion, compared to €34.1 billion in 2005.

‘‘The figures will show that there was very strong growth in the mortgage market last year,” a well-placed source said.

‘‘They will also show that there has been a significant increase in the number...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago