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Friday 24 March 2023 Dublin: 7°C

# Mortgage drawdowns

Last year
# Mortgage drawdowns
House hunters' spending power drops by 9% as average house price continues to rise
House hunters now have an average of €27,000 less to spend on a home compared to this time last year.
All time
# approvals
Mortgage activity 'returning to 2008 levels' as draw-down figures at highest level in 10 years
New figures show there were 10,157 mortgages drawn down in the second quarter of the year.
# payback time
Homeowners are stepping up problem mortgage repayments - but it's not enough to solve the arrears crisis
Meanwhile, new mortgage approvals have hit a three year high, with over €400 million approved in the second quarter.
# Market Malfunction
What does this chart tell us about the Irish mortgage market?
New figures show a big jump in drawdowns, but concerns remain over the structure of the market.