Switching continues to drive growth in mortgage market

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 61%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

New figures from Banking and Payments Federation Ireland (BPFI) show that 5,433 mortgages were approved last November, up 1.6% on the previous month, and 9.6% on November 2021.

The value of mortgage approvals in November hit almost €1.5 billion, up 2.5% on October, and almost 17% higher than the same time the previous year.Today's figures show that non-purchase mortgage activity, which includes switching and top-ups, grew by 64.4% year on year in volume terms to 1,647 and by 93.3% year on year in value terms to €425 million.

The BPFI figures show that almost 55,000 mortgages were approved in the year to November 2022, valued at almost €14.9 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines