Value of average mortgage up more than €21,000 in a year

The data shows first-time buyers are borrowing nearly €320,000 just to afford a home

Overall, there were 46,358 mortgages drawn down during 2025 worth a combined €14.47bn — the highest value since 2008. 

The average value of a mortgage drawn down during 2025 increased by 7.4%, an increase of over €21,000, with first-time buyers borrowing nearly €320,000 just to afford a home, new data from the Banking and Payments Federation, Ireland (BPFI) shows.

Overall, there were 46,358 mortgages drawn down during 2025 worth a combined €14.47bn — the highest value since 2008. This results in an average mortgage value of €312,136, an increase of 7.4% or €21,449 compared to the 2024 average.