Banking
Drawdowns slumped in the first quarter of the year, with a drop in both volume and values across all mortgage categories
The average mortgage on a second-hand home has now reached its highest level in almost two decades, new data from the Banking and Payments Federation Ireland (BPFI) has shown.
First-time buyers who purchased a second-hand property drew down on average €274,535 between January and March of this year, while the rate recorded for mover purchasers was €327,069.
Brian Hayes, chief executive of the BPFI, said the rise could be connected to the decline in availability …
