Average mortgage drawdown reaches record level after €28,000 rise in a year
As of the end of June, the average mortgage drawdown value stood at €330,745.
The average value of home mortgages drawn down in Ireland has hit the highest level on record, reaching over €330,000 as the combined value of all mortgages during the first half of the year increased by nearly 19%, new data from the Banking and Payments Federation, Ireland (BPFI) shows.
During the first six months of this year, there were just over 20,000 mortgages drawn down worth a combined value of €6.2bn, an increase of 18.7% compared to the same period in 2024 and the highest value seen between January and June since 2008.
