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Big decline in buy-to-let investors in housing market

Sharp decline in investors using buy-to-let mortgages to fund investments

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.

Niamh Hennessy: Changes in banking landscape only just beginning

Niamh Hennessy: Changes in banking landscape only just beginning
irishexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishexaminer.com Daily Mail and Mail on Sunday newspapers.

Irish housebuilder Glenveagh sees huge demand as mortgage approvals rise

路透新闻部 3 分钟阅读 DUBLIN, Feb 26 (Reuters) - Irish housebuilder Glenveagh Properties said on Friday it is seeing huge demand for new homes, as data showed that mortgage approvals in Ireland rose in January despite the country being back in a strict COVID-19 lockdown. Glenveagh, which chiefly builds homes in and around Dublin, reported an operating loss for 2020 of 12.7 million euros compared to a profit of 29.4 million euros a year earlier after building sites were shut due to COVID-19 restrictions during one of its usually most productive times of the year. However, it said there has been a limited impact on housing demand as the pandemic has disproportionately hit younger, low income workers and led to a record spike in savings among those still working.

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