Irish mortgage market grows to €14.5bn in 2025
This morning’s Banking & Payments Federation Ireland (BPFI) data show Ireland’s mortgage market grew to €14.5bn in 2025, up 15% on the year, split between €12.3bn of loans for house purchase and €2.2bn of top-up/re-mortgaging activity. The expansion was driven by house price inflation, the average mortgage loan up 7% to €332,000 in 2025. Also, lending volumes on newly built homes rose by 14% to 13,400 last year. However, lending volumes on existing homes fell by 2% in 2025, down for a 3rd consecutive year. The market is now dominated by first-time-buyers, up 5.4% to 27,650, now accounting for almost three-in-four mortgage loans. In contrast, lending volumes to mover-purchasers fell again, by 2.7%, to 8,782, their lowest level(excluding the Covid19 period) since 2014. The overall picture is of a buoyant housing and mortgage market, with homebuilding expanding and prices still rising, but existing homeowners reluctant to move for fear of failing to secure a property once they sell their own.
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