Advertisement
€10.5 Billion Worth Of Mortgag...

News

€10.5 Billion Worth Of Mortgages Drawn Down In 2021

Emma Tyrrell
Emma Tyrrell

07:19 26 Jan 2022


Share this article


43,500 mortgages were drawn down in Ireland last year, the largest number in 11 years.

New figures from the Banking and Payments Federation show they totalled €10.5 billion. First-time buyers made up more than half of drawdowns.

Just over 53,000 mortgages were approved in 2021.

A total of 3,856 mortgages were approved last December, 2,096 or 54 per cent were for FTBs.

Chief Executive of the BPFI, Brian Hayes, says the numbers are significant;

"Both in terms of new mortgage drawdowns and the total amount of mortgage value is the biggest single number since 2009 and the highest value since 2008."

Follow @98FM on Twitter for the latest Dublin news


Share this article


You might like