The numbers of both first-time buyers and movers approved for a mortgage has fallen, in the latest a sign of deepening malaise in the housing market.
New data from the Banking and Payments Federation of Ireland (BPFI) shows a significant downward trend in owners moving house to trade up or down.
That has implications for first-time buyers that already face an undersupply of new homes.
The data shows the value of mortgage approvals reached a record value of €16.7bn in the 12 months to August. First-time buyers borrowed €10.4bn of that.
However, the number of home-purchase mortgage approvals was down 5.1pc last month versus the previous year.
Read the full details in the Irish Independent.
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