Average mortgage in Q3 surpassed peak of market in 2008

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 61%

Belgique Nouvelles Nouvelles

The average mortgage stood at €284,623 in the third quarter of the year, surpassing levels seen during the peak of the market in 2008 when it was €268,220.

"This comes on the back of strong house prices inflation and the continuing challenge of supply in the housing market," said Brian Hayes, Chief Executive, Banking & Payments Federation Ireland.

Mr Hayes said this reflects the fact that mortgage customers are seeking out better rates in the wake of the interest rate increases recently announced by the ECB. First time buyers remained the single largest segment by volume and by value ."Interestingly when we look at the types of properties being purchased we can see that FTBs have come to dominate the market for new/self-builds accounting for 78.2% of the value of home mortgages on new properties in Q3 2022," Mr Hayes said.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 16. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

An adorable Clare cottage by the sea is on the market for €199,950The three-bedroom property is situated in West Clare in the fishing village of Carrigaholt
La source: RSVPMagazine - 🏆 7. / 76 Lire la suite »

Car bombs kill at least 100 at busy Somalia marketThe two car bombs that exploded at Somalia's education ministry next to a busy market intersection killed at least 100 people and wounded 300, President Hassan Sheikh Mohamud has said, warning the death toll could rise.
La source: rtenews - 🏆 1. / 99 Lire la suite »