Average new mortgage drawdown soars 80pc in a decade, highlighting surge in property prices

The average mortgage being drawn down by first-time buyers and movers has soared in value over the last decade.

The average amount borrowed to buy a home is now €341,000 – up by €151,000 in the last 10 years.

This is a rise of almost 80pc in the average new mortgage drawn down, the Irish Independent Doddl.ie Mortgage Switching Index has shown…

https://www.independent.ie/business/money/average-new-mortgage-drawdown-soars-80pc-in-a-decade-highlighting-surge-in-property-prices/a425020496.html


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