Value of mortgage drawdowns up 20% as house prices soar

The average home mortgage drawdown value reached its highest level on record in the first three months of 2025, new BPFI figures show 

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Some 9,190 new mortgages were drawn down by borrowers in the first three months of this year, a 10% rise compared to the same period last year. 

New figures released by the Banking & Payments Federation Ireland (BPFI) show the value of new mortgage drawdowns increased by more than 19% to €2.8bn compared to the same period in 2024, with rising house prices seeing the average mortgage reach its highest level on record.