Mortgage approval volume up 11.7 per cent on 2016
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A total of 3,340 mortgages were approved in April, an 11.7 per cent year-on-year increase.
The new figures from the Banking & Payments Federation Ireland (BPFI) also record a 11.6 per cent month-on-month fall.
Some 1,819 (54.5 per cent) of the approvals were for first-time buyers (FTBs) while mover purchases accounted for 980 (29.3 per cent).
The value of mortgages approved in April 2017 was €685 million – of which €366 million (53.4 per cent) was accounted for by FTBs and €232 million (33.9 per cent) by mover purchasers.
The value of mortgage approvals rose by 19.8 per cent year-on-year and by 12.5 per cent month-on-month.
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