The latest Mortgage Approvals Report issued by the Irish Banking Federation points to a sustained recovery through December 2012.
A total of 1,446 mortgages were approved for the month, an increase of almost 30% on the previous December.
Mortgage approvals point to growth
A majority of the 1,446 mortgages (92%) was for property purchase, which itself showed a year-on-year increase of 40%; the balance of approvals was for re-mortgages and top ups.
In recent weeks, both Bank of Ireland and Allied Irish Bank have both announced significant planned increases in lending for residential property purchase throughout 2013.
Personal Finance 