Sharp decline in investors using buy-to-let mortgages to fund investments First time buyers accounted for about 53% of mortgage drawdowns by value last year - BPFI
Tue, Mar 9, 2021, 06:15
Property investors accounted for less than 1 per cent of all mortgage drawdowns in 2020, indicating a sharp move away from buy-to-let mortgages to fund investments. The year also saw a further decline in the level of activity of investors in the market, with the number of investors acquiring properties – with cash or otherwise – falling again.
According to the latest Housing Market Monitor for the fourth quarter of 2020, published by the by Banking & Payments Federation Ireland (BPFI), property investors accounted for less than 1 per cent of all those who completed the purchase of a property with a mortgage last year, down from a peak of 20 per cent of mortgage drawdowns back in 2006.
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