Friday, August 30 14:04:24
The number of mortgages approved increased by 11.9pc on an annual basis in July and by 13.5pc on a monthly basis, latest Irish Banking Federation figures show today.
The latest figures from the IBF Mortgage Approval Report, show that banks approved 1,875 mortgages to the value of E325 million during the month of July.
Of that total approved, 1,734 (92pc) were for house purchase.
The number of mortgages approved increased by 11.9pc on an annual basis (from July 2012) and by 13.5pc on a monthly basis (from June 2013).
The value of mortgages approved in July was E325m, of which E311m (96pc) was for house purchase.
The value of mortgage approvals grew by 9.3pc on an annual basis and by 16.3pc on a monthly basis.
IBF said it welcomes the sustained growth seen in both the volume and value of mortgage approvals in July.