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Dublin Live
Dublin Live
National
Laura Lyne

Mortgage drawdowns hit record levels in 2022 but major drop seen by December

The highest number of mortgages drawn down in Ireland in almost two decades took place last year.

There was almost €14.1 billion worth of mortgage drawdowns in 2022, the highest number seen since 2008 before the financial crash. That figure was made up of 52,634 mortgages in Ireland.

And there was €15.8 billion worth approved in the same time last year, made up of 58,276 mortgages. The highest number of approvals and drawdowns came from First Time Buyers.

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