The number of mortgages approved was up 24pc on the same month last year. It was down by 0.2pc on the October figure. October was the busiest month for mortgage approvals since the banking federation began recording approval activity in 2011.
Mortgages approved last month were valued at €1.281bn. Some €692m of this was accounted for by first-time buyers, with mover purchasers for approved for borrowing worth €388m.
The overall value of mortgage approvals in November was up by a third in the year.
Approval values are the highest since the Banking and Payments Federation Ireland started collecting this data nine years ago.
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Business Journalist
Stock market listed homebuilder Glenveagh Properties has announced a €500m investment programme which it says will see it delivering 3,000 new homes around the country.
The Dublin-listed company said it is currently preparing sites for construction in Dublin, Cork, Meath, Kildare and Kilkenny.
The homebuilder plans to take on 100 full time staff as well as around 900 sub-contractors, who the company says will be recruited on multi-year contracts.
It will bring Glenveagh s combined workforce to over 3,000, including directly employed staff and sub-contractors.
The company says the move reflects its confidence that demand for high-quality energy efficient homes has continued to grow throughout the pandemic.
Business Journalist
We used to be a remarkably loyal lot in Ireland when it came to the bills and the banks.
Indeed, for long there wasn t much choice, so deciding to bail on your service provider wasn t really a consideration.
In more recent years, however, as competition has increased, we ve become more willing to switch providers of utilities, insurance and telecoms, and we ve even become more adept at switching mortgage providers.
According to research by the Banking and Payments Federation, up to one in six holders of mortgages - excluding trackers - have switched providers in recent years, significantly higher than the rate suggested in official figures.