Mortgage lending fell 26% in first quarter

Irish mortgage lending fell 26 per cent to €331 million in the first quarter compared to the same quarter in 2012, the Irish Banking Federation said today.

20th May, 2013
First-time buyers and mover purchasers continue to dominate the market accounting for 82.1 per cent of new mortgages.

Irish mortgage lending fell 26 per cent to €331 million in the first quarter compared to the same quarter in 2012, the Irish Banking Federation said today.

The number of mortgages dropped by 21 per cent to 2,068, while, compared to the fourth quarter of 2012, lending dropped 67 per cent, the IBF said.

“These figures show a decline on the previous quarter reflecting particular factors at play: a front-loading of activity into the fourth quarter ahead of the ending of...

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