Mortgage approvals reached 15-year monthly high in July
Mortgage approvals in Ireland reached a 15-year monthly high in July, with over €2 billion in loans approved. First-time buyers remain the primary driver of this market momentum, according to the Banking & Payments Federation Ireland.
Why it matters
The data indicates a robust housing market and provides insight into the financial health and borrowing trends of Irish consumers.
Agriculture & Consumer Affairs Correspondent
Mortgage approvals reached their highest monthly levels in at least 15 years in July, latest figures from Banking & Payments Federation Ireland (BPFI) show.
BPFI said first-time buyers (FTBs) continued to drive approvals, accounting for over half (3,575) of the 6,253 mortgages approved during the month.
The total number of approvals was 14.4% higher than July 2025.
Those remortgaging and switchers made up one fifth of all approvals - which was a 71.6% rise on last year.
In terms of value, mortgage approvals in July surpassed €2 billion, which was up 15% year on year.
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