One in five with mortgage approval failing to secure a home due to excess demand

That chimes with the findings of another report, this time by Threshold, which showed that two-thirds of people are renting because they cannot afford a home. Picture: iStock

One in five homebuyers with mortgage approval are currently failing to secure a property each year due to excess demand.

That is according to the latest quarterly report by Myhome.ie and Davy Stockbrokers, Conall MacCoille.