The number of new mortgages taken out during the third quarter of the year – fell by over 56% – compared to the same time last year.
The latest Irish Banking Federation / Pricewaterhouse Coopers Mortgage Market Profile shows that just over 12,000 loans were drawn down during July, August and September.
The value of the new loans taken out dropped to €2.1 billion.
This compared with €5.7 billion during the third quarter of 2008.
