The total number of Irish home mortgages issued
in Quarter 4 2013 was 5,206 bringing the total in 2013 to 14,985, down from
15,881 or 5.6% on 2012, according to the Irish Banking Federation today.
The level in 2013 was at the lowest since 1973 - - a 40-year low.
reported last week that 29,200 houses were sold in Ireland last year with a
third of sales in Dublin. Meanwhile in the year to December,
residential property prices at a national level, increased by 6.4% and
Dublin residential property prices grew by 15.7%.
The value of home mortgages paid in 2013 was
€2.45bn compared with €2.64bn in 2012.
In 1972 14,168 home mortgages
were issued and the number grew to 16,286 in 1973.
The population is 54% bigger today at 4.6m than
in 1971, when it was 2.98m.
First-time buyers (FTBs) remained the largest
segment, at 52% of new mortgage loans in Q4 2013. The
mover-purchaser segment continues to strengthen with the number of new
mortgage loans growing year-on-year for the third successive quarter.
The residential investment letting (RIL) segment
grew compared with Q4 2012, while lending volumes to the FTB, re-mortgage and
top-up segments decreased year-on-year.
The average loan size increased to €172,118 in Q4
2013, up 4.1% on Q4 2012. The average mortgage drawn down for property purchase
(FTB, mover-purchase or RIL) increased on a year-on-year basis for the first
time since Q2 2008, reaching €179,934.
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