The BPFI have published data on mortgage drawdowns for the third quarter, showing the number of loans for house purchase is still running modestly above last year’s total and we expect a full year figure of 37,400 against 36,000 for 2024. FTB loans still dominate, accounting for around three- in- four house purchase loans .<\/p>\n\n\n\n
The average new mortgage is rising strongly, by over 8% in the the third quarter, and we expect the average for the year at \u20ac336,000, so giving a total of \u20ac12.6bn for the value of house purchase loans, the highest since 2008.<\/p>\n\n\n\n
Top up loans are picking up but still relatively small at a forecast \u20ac450m, while re-mortgaging may reach \u20ac1.6bn, which would represent a 50% increase on the year. This brings the total value of new mortgage lending to \u20ac14.6bn, some \u20ac2bn above the 2024 total.<\/p>\n\n\n\n
House completions are running at an annual 33,000 based on the latest figures covering the third quarter and we expect a 34,000 total for 2025 as a whole. <\/p>\n","protected":false},"excerpt":{"rendered":"
The BPFI have published data on mortgage drawdowns for the third quarter, showing the number of loans for house purchase is still running modestly above last year’s total and we expect a full year figure of 37,400 against 36,000 for 2024. FTB loans still dominate, accounting for around three- in- four house purchase loans . … Continue reading “Mortgage Market Update”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-451","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/danmclaughlin.ie\/index.php?rest_route=\/wp\/v2\/posts\/451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/danmclaughlin.ie\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/danmclaughlin.ie\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/danmclaughlin.ie\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/danmclaughlin.ie\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=451"}],"version-history":[{"count":1,"href":"https:\/\/danmclaughlin.ie\/index.php?rest_route=\/wp\/v2\/posts\/451\/revisions"}],"predecessor-version":[{"id":452,"href":"https:\/\/danmclaughlin.ie\/index.php?rest_route=\/wp\/v2\/posts\/451\/revisions\/452"}],"wp:attachment":[{"href":"https:\/\/danmclaughlin.ie\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/danmclaughlin.ie\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/danmclaughlin.ie\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}