Mortgage approvals continued to grow in April as first-time buyer activity reached new highs – latest figures from BPFI
There were 2,922 first-time buyer (FTB) approvals valued at almost €1 billion (€965m) in April, according to the latest figures from the Banking and Payments Federation of Ireland's Mortgage Approvals Report.
The report shows the highest April FTB levels since the data series began in 2011.
The number of mortgages approved rose by 4.7% month-on-month and by 5.8% compared with the same period last year.
31,853 FTB mortgages valued at almost €10 billion (€9,999m) were approved in the twelve months ending April 2025, the highest activity levels since the data series began.
Commenting on the publication of the latest data, BPFI Chief Executive Brian Hayes said: "The latest mortgage figures show continued growth in approvals in April 2025, with volumes up by 5.8% year on year and values up 13.6% over the same period."
"We can see from today's figures that lenders are supporting more and more FTBs, which points to a healthy pipeline for lending in the coming months," he said.
"However, FTB housing demand is also growing, as evidenced by the 14,554 applications for Help to Buy in the first three months of 2025. This is up from 9,991 in the same period of 2024," said Mr Hayes.
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RTÉ News
a day ago
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