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...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post