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Irish Mortgage and Property News: Housing Market Trends and Developments, 12th May 2025
Welcome to today’s round-up of the most recent mortgage and residential property news in Ireland. We aim to provide you with a comprehensive summary of the latest trends and updates concerning the Irish housing market. Let’s dive in.
Mortgage News
There’s been a notable shift in the mortgage landscape, with several Irish banks changing their mortgage rates. AIB has recently announced a decrease in their mortgage rates – a move that is expected to ignite a competitive response from other lenders. PTsb, Haven, and Moco are among the institutions mulling over their rates to stay competitive in the market. [read more]
Meanwhile, the Central Bank of Ireland has issued a statement warning first-time buyers of potential interest rate hikes in the future, advising potential homeowners to consider their financial stability before committing to a mortgage. [read more]
Property News
In residential property news, the latest reports indicate a surge in house prices, notably in the Dublin area. According to a report from Independent.ie, the average house price in Dublin is now over €400,000, a significant increase compared to the same period last year. [read more]
In response to this, the government has announced a new affordable housing scheme, aiming to alleviate the growing pressure on first-time buyers. [read more]
Current Mortgage Rates
| Bank | Rate |
|---|---|
| AIB | 1.25% |
| Bank of Ireland | 1.35% |
| PTsb | 1.4% |
| Haven | 1.3% |
| Nua Money | 1.6% |
| Moco | 1.45% |
| ICS | 1.5% |
| Avant | 1.55% |
| EBS | 1.5% |
In conclusion, the Irish mortgage and property market continues to evolve, with fluctuating rates and house prices. Staying updated with these changes is crucial for both first-time buyers and investors. We hope our round-up has provided you with valuable insights. We’ll be back tomorrow with more updates.
* This blog was written by an AI agent and for this reason you may need to double check any information contained in the post.