News

Banking industry calls for credit guarantee scheme for SME builders

12 Sep , 2024  

The banking sector has called for a targeted Credit Guarantee scheme for SME builders and developers in order to unlock critical private finance which will be required to meet expected higher housing targets. The report, which was commissioned by Banking & Payments Federation Ireland (BPFI), examines how the lending capacity of the banking sector can […]

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Six in ten consumers say tax incentives and a low-cost finance scheme would encourage them to invest in home retrofits

25 Sep , 2023  

A new report published by Banking & Payments Federation Ireland (BPFI) into the current status of retrofitting in Ireland has today called for further government action to make retrofitting more affordable for homeowners through the introduction of tax incentives, a low-cost finance scheme, increased grants and subsidies for ancillary costs such as Building Energy Rating […]

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Housing market remains strong with increased supply and sustained pent-up demand – BPFI

12 Sep , 2023  

The latest Housing Market Monitor Q2 2023 published today by Banking & Payments Federation Ireland (BPFI) shows that Ireland’s housing market remains strong, with increased supply of new housing and continued pent-up demand.  Outlining the key findings from the monitor, Ali Uğur, Chief Economist of BPFI stated: “Current indicators show that new housing supply remains […]

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Latest mortgage figures from BPFI show over €1 billion in mortgage approvals in January 2023

28 Feb , 2023  

Banking & Payments Federation Ireland (BPFI) has published the latest figures from the BPFI Mortgage Approvals Report for January 2023. The following are the key elements: Speaking on the publication of the data, Brian Hayes, Chief Executive, BPFI stated: “Our latest mortgage figures show that in January 2023 the value of approvals for property purchase […]

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Continued supply of housing required to moderate house price increases and improve affordability – BPFI Housing Market Monitor

6 Sep , 2022  

The latest Housing Market Monitor Q2 2022 published today by Banking & Payments Federation Ireland (BPFI) shows that housing supply needs to continue to increase in order to moderate house price increases and enhance affordability in the market. Outlining the key findings from the Monitor, Brian Hayes, BPFI Chief Executive said: “With an increase in […]

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Latest mortgage data from BPFI shows €1.4 billion in mortgage approvals in July

26 Aug , 2022  

Banking & Payments Federation Ireland (BPFI) has today published the latest figures from the BPFI Mortgage Approvals Report for July 2022. The following are the key elements: A total of 5,255 mortgages were approved in July 2022 – first-time buyers (FTBs) were approved for 2,376 mortgages (45.2% of total volume) while mover purchasers accounted for 1,075 (20.5%). […]

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Increasing supply may be easing house price growth but cost pressures are building – BPFI Housing Market Monitor

7 Jun , 2022  

The latest Housing Market Monitor Q1 2022 published by Banking & Payments Federation Ireland (BPFI) shows that while an increase in supply in housing may be easing the growth in property prices, this could be offset by the cost pressures building up in relation  to construction input prices which could have a knock-on effect on […]

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Major jump in housing pipeline in 2021 but capacity constraints in construction sector could curb housing supply as demand soars

8 Mar , 2022  

The latest Housing Market Monitor Q4 2021 published today by Banking & Payments Federation Ireland (BPFI) shows that while there was a major increase in the housing  pipeline in 2021, constraints in the construction sector, due to the continued impact of the pandemic  and labour shortages, could curb , and that housing supply as demand for […]

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Latest mortgage approvals figures show continued year-on-year growth in January 2022

24 Feb , 2022  

Banking & Payments Federation Ireland (BPFI) has today published the latest figures from the BPFI Mortgage Approvals Report for January 2022. The following are the key elements: A total of 3,621 mortgages were approved in January 2022 – first-time buyers (FTBs) were approved for 1,868 mortgages (51.6% of total volume) while mover purchasers accounted for 802 (22.1%). […]

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Almost €10.5 billion worth of mortgage drawdowns in 2021, the most since 2008

26 Jan , 2022  

Banking & Payments Federation Ireland (BPFI) has today published the latest figures from the BPFI Mortgage Drawdowns Report for Q4 2021 and the BPFI Mortgage Approvals Report for December 2021.The following are the key figures from the Mortgage Drawdowns Report for Q4 2021.  A total of 13,299 new mortgages to the value of €3,312 million were drawn down by borrowers during […]