Saturday October 31, 2020

Modest rise in drawdowns dampens mortgage hype

The would-be resurgence of property prices has to be qualified against the small number of mortgage drawdowns revealed in the IBF's latest data, writes Emma Kennedy.

24th August, 2013

Hype about rising house prices threatens to push some would-be buyers off the fence - but, for now, the mortgage market remains somewhat muted, with the latest figures revealing only a small increase in mortgage drawdowns.

The headline data from the Irish Banking Federation (IBF) last week was a year-on-year increase of 9.7 per cent in the level of mortgage approvals between the second quarter of 2012 and the second quarter of this year. But...

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