IBF/PWC mortgage data out

[Green_Bear]

Buyer caution sees loans for houses dive 68pc
By Charlie Weston, Friday May 22 2009
independent.ie/business/pers … 47706.html

MORTGAGE lending collapsed by 68pc in the first three months of this year, as potential buyers continue to hold off until they are sure prices have stopped falling.
Just €2bn in mortgages was advanced in the first quarter of the year compared with €6.27bn in the first three months of last year.
First-time buyers now account for a larger share of the overall mortgage market as investors and switchers have exited the market in larger numbers.

data here = ibf.ie/Articles.asp?article_titl … ory_id=109

[FordsonMajor]

Who are these canny mcsavvies buying up investment properties right now?

I thought no sane person was “investing” in property in Ireland right now.

FM

[schnackbox]

@FordsonMajor

Who are these canny mcsavvies buying up investment properties right now?

I thought no sane person was “investing” in property in Ireland right now.

FM

I’d imagine a % are those who bought off plan in 2006 and the developments are only completing now. There are a few threads on AAM along the lines of “Can the developer force me to close”