Property NewsAffordability is continuing to improve for first-time buyers because of lower interest rates and cheaper house prices. New figures from the Irish Banking Federation show that while the volume of new mortgage lending is still down significantly compared to the same period last year there are signs of a pick up in the level of applications to lenders. Chief Executive of the IBF Pat Farrell says first-time buyers have increased their share of the overall market for the fourth quarter in a row. |
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