5,200 mortgages issued in Q4

The Irish Banking Federation reported a 16% increase in the volume of mortgages approved but brokers claim that the market remains deeply dysfunctional.

5,200 mortgages issued in Q4
Tue, 25 Feb, 2014 - 00:00
Vincent Ryan

The Irish Banking Federation (IBF) reported more than 5,200 mortgages were issued in the fourth quarter of 2013. The IBF/PwC Mortgage Market Profile reported nearly €900m of mortgage lending with 90% used for house purchase.

The total value of new mortgages drawn down in 2013 was €2.5bn.

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