Average first-time buyer mortgage increases to €289,971

Continued slowdown in wider mortgage market

Mortgages approved in January were valued at approximately €919m.

New data shows robust levels of mortgage approvals for first-time buyers despite a continued slowdown in the wider market.

Data from the banking representative body, the BPFI, shows 3,262 mortgages were approved in January, a 16% rise compared to January, but a drop of 11.8% compared to January 2023.