The number of mortgages being approved has increased by more than a third, or 36 per cent, in the past 6 months, according to the latest figures from the Irish Banking Federation.
The Housing Market Monitor also shows the number of homes listed in the first quarter of this year has dropped 15 per cent, with a significant shortage of family homes available to buy in Dublin.
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Goodbody Chief Economist Dermot O’Leary says that’s caused house prices to increase in the capital – for the first time since 2007.
He says a renewed focus on lending by the main banks is partially responsible for the rise in mortgages approved:
