Buy-to-let loans look poised to accelerate

Buy-to-let loans look poised to accelerate
Elmpark Green in Dublin 4, where a private investor recently paid around €3.6 million for 11 apartments, representing a gross yield of around 4.9 per cent. Two-beds there rent for €2,000 a month, according to selling agents Hooke & MacDonald

Attractive rates lure professional investors back to the market as residential mortgages stay strong.

The level of buy-to-let investor activity may be about to accelerate, if recent trends in the mortgage market are considered an indicator. The first three months of this year saw a 12.8 per cent increase in the draw down of buy-to-let mortgages across Irish banks and lenders compared to the same period of 2017.

In April, the number of residential investment letting mortgage approvals saw a 27.3 per cent increase according to the Banking and Payments Federation...

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