Mortgage repayments up €100 a month due to rising property prices, according to new report

Ireland's mortgage market grew strongly in the first half of 2022, with drawdowns up 17% to 21,895, the most since 2009

The median monthly mortgage repayment, excluding self-builds, rose by more than €110 to €1,020 for first-time buyers. Stock picture

Mortgage repayments increased by over €100 compared to pre-pandemic levels due to rising property prices and larger loans, according to a new report.

This increase does not take into account further rises for mortgage holders due to the ECB interest rate hikes, as the latest report from the Banking and Payments Federation Ireland (BPFI) concerns data between the first half of 2020 and the first half of 2022, before the rate increases were introduced.