Mortgage drawdowns increase despite  construction shutdown

First-time buyers accounted for more than half of all mortgage drawdowns in the first three months of 2021. File Picture

The number of first-time buyers drawing down mortgages is at its highest level since the start of 2007.

First-time buyers accounted for over half of all drawdowns in the first three months of the year, according to new data issued by the Banking and Payments Federation Ireland.