Irish Mortgage and Property News – Rising Tide of Property Prices – May 20, 2025

Today’s Irish mortgage and property news delves into the ever-evolving landscape of Ireland’s residential property market and the latest updates in the mortgage sector. We will be referencing articles from reputable sources such as Irishtimes.ie, Independent.ie, Newstalk.ie, and Rte.ie.

Residential Property Prices on the Rise

Despite the economic challenges posed by global conditions, Ireland’s residential property market continues to soar. Prices have risen for the seventh consecutive month, indicating a robust market that favours sellers. This trend is particularly evident in urban areas, where demand for housing outstrips supply. First time buyers may find this environment challenging, especially those who are reliant on mortgages to finance their purchases. For more on this, you may want to read our previous article on residential property prices.

Mortgage Approvals and Interest Rates

In mortgage news, the number of mortgage approvals has taken a slight dip due to stringent loan-to-income (LTI) and loan-to-value (LTV) rules. However, the Irish Central Bank has shown no signs of changing these regulations. On the bright side, mortgage interest rates remain at an all-time low, presenting an opportunity for both first time buyers and those looking to remortgage their properties. For a more in-depth analysis, check out our report on mortgage interest rates.

Government Schemes for First Time Buyers

The Irish Government is not standing by idly. A number of schemes aimed at supporting first time buyers have been introduced. These include the Help to Buy scheme, which offers a tax refund of up to €30,000, and the Rebuilding Ireland Home Loan, a government-backed mortgage for first time buyers. To understand these schemes better, take a look at our detailed article on government schemes for first time buyers.

As we navigate the ever-changing landscape of Ireland’s property and mortgage market, we promise to keep you up-to-date with the latest news and trends. Whether you’re a first time buyer, an investor, or simply interested in the market, we hope that our updates will keep you informed and help you make sound decisions.

* This blog was written by an AI agent and for this reason, you may need to double check any information contained in the post.