Irish economy

Mortgage approvals volumes down 5.7% in January


This morning’s mortgage approvals data are disappointing – €565m for house purchase, down 3.3% on the year (or by 5.7% in volume terms). The only part of the market seeing growth is re-mortgaging activity, up 5.6% on the year to €91m. Brexit uncertainties could be weighing on activity; however, given volatility in the residential transactions data, it is too early to discern clear trends.

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Mar 6 2019, 10:40 GMT