Mortgage Approval ‍Trends

The number of mortgages approved in Ireland during August 2025 decreased by 17% compared to july, according​ to the ‍latest report from the Banking and Payments Federation Ireland (BPFI). Approvals were also⁣ down 2.5% year-on-year.

A total⁢ of 4,536 mortgages were ‍approved in August ‌2025. The total value of thes approvals reached €1.456 billion, a 17.8% ‌decrease from July ⁣but a⁤ 4.1% increase compared to August 2024.

First-Time Buyers and Mover Purchasers

First-time buyers ⁤(FTBs) ​continued to dominate the market, accounting for 2,822 approvals, or 62.2% of the ‍total. Mover purchasers represented 825 approvals, or 18.2%.

The⁢ value of mortgages approved for​ FTBs reached €920 million (63.2%), while mover ⁢purchasers accounted for €318 million (21.8%).

Mover purchase activity continued‌ to contract, ⁢with volumes down 16.8% year-on-year.However, the average ​mover purchase mortgage value rose to a ⁢record high of €384,887, an increase of almost €31,000 compared to August 2024.

The average FTB mortgage approval also increased, ⁤rising ​by €19,000⁣ to €325,934 in August 2025. BPFI Chief Executive Brian Hayes attributed these increases to housing price inflation.

annualized Mortgage⁢ value

Despite the monthly decline, the annualized value of mortgage approvals reached €16.7 billion in the twelve‍ months ending August 2025 ⁤- the highest ‍level sence the BPFI data series began in 2011. the annualized value of FTB approvals⁤ also hit a new high‍ of almost €10.4 ⁤billion.

Re-mortgage and switching activity increased by 13.8% in volume terms and 30.4% ⁤in value year-on-year.