Fall in mortgage approvals and drawdowns for first-time buyers

Tougher Central Bank lending restrictions continued to impact on the property market during the last three months of 2015 with the number of mortgages approved and drawndown slowing.

New figures published by the Banking and Payments Federation Ireland show 8,103 mortgage were drawn down in the fourth quarter, up 6.9 per cent year-on-year. The value of the mortgages drawndown rose by 8.2 per cent to €1.45 billion.

Read the full details in the Irish Times.

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