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15 Key Mortgage Statistics and Housing Statistics Ireland 2023

15 bang up to date mortgage statistics and housing statistics that will keep you ahead of the pack. Despite a need for great data about one of the most important policy areas current statistics on the housing and mortgage market are inconsistent and hard to find. We’ve crunched the numbers and scoured the studies for you, so you can get it all in one place.

Mortgage and Housing Statistics

The 15 Key Mortgage and Housing Statistics:

  1. How big is the mortgage market Ireland 2023? – Mortgage Statistics
  2. What is the average mortgage in Ireland 2023?– Mortgage Statistics
  3. What percentage of people have a mortgage Ireland 2023?– Mortgage Statistics
  4. What percentage of people are mortgage free Ireland 2023?– Mortgage Statistics
  5. What is the most popular mortgage type Ireland 2023?– Mortgage Statistics
  6. What is the average outstanding mortgage length Ireland 2023 – Mortgage Statistics
  7. How many people are in mortgage arrears Ireland 2023?– Mortgage Statistics
  8. How many people are with vulture funds Ireland 2023?– Mortgage Statistics
  9. What is the current mortgage rate in Ireland 2023?
  10. How many mortgages are issued every year in Ireland 2023?– Mortgage Statistics
  11. How many people switch mortgage Ireland 2023?– Mortgage Statistics
  12. What percent of people are homeowners in Ireland 2023?– Housing Statistics
  13. What percent of people rent in Ireland 2023?– Housing Statistics
  14. What is the average monthly rent in Ireland 2023?– Housing Statistics
  15. What is the average house price in Ireland 2023?– Housing Statistics

Key Mortgage Statistics Ireland 2023

1. How big is the mortgage market Ireland 2023?

There is over €77 Billion in outstanding residential mortgages in Ireland currently, with 712,145 mortgages and 569,716 residential mortgage holders in total. With 1.2 mortgages per mortgage holder, based on Central bank data and moneysherpa projections of current mortgage holders.

Size of mortgage market Ireland 2023
Mortgage Market Ireland Private Household Buy To Let Total
Outstanding Mortgages (M) €79,421 €3,685 €83,106
Mortgage Accounts 712,347 70,057 782,404
Mortgage Holders 569,899 56,046 625,945
Based on Central Bank Credit for House Purchase advanced data and Mortgage Arrears data & moneysherpa analysis 20/10/23

2. What is the average mortgage in Ireland 2023?

The average mortgage for a private household is €135,574, based on Central bank data and moneysherpa projections of current mortgage holders.

Average mortgage in Ireland 2023
Mortgage Market Ireland Private Household Buy To Let Total
Outstanding Mortgages (M) €79,421 €3,685 €83,106
Mortgage Holders 569,899 56,046 625,945
Average Mortgage Size €139,360 €65,750 €132,769
Based on Central Bank Credit for House Purchase advanced data & moneysherpa analysis 20/10/23

3. What percentage of people have a mortgage Ireland 2023?

34% of all Irish households currently hold a residential mortgage based on moneysherpa analysis of CSO census data and Central Bank mortgage data.

Percentage of people with a mortgage in Ireland 2023
Housing Volume Percentage %
Mortgage Holders [1] 569,899 34%
Home Owners [2] 1,147,552
All Households [2] 1,697,665
Households by ownership based on[1] Central Bank 2023 & [2] Census (CSO) 2020 data combined as at 20/10/2023

4. What percentage of people are mortgage free Ireland 2023?

53% of home owners and 36% of all households are mortgage free, owning their own home with no mortgage or loan outstanding on it according to the latest CSO data.

Percentage of people with no mortgage in Ireland 2023
Housing Volume Percentage %
Owned Outright [1] 611,877 36%
All Households [2] 1,697,665
[1] Households by ownership based on Central Bank 2023 & [2] Census (CSO) 2020 data combined as at 20/10/2023

5. What is the most popular mortgage type Ireland 2023?

38% of Irish mortgage holders have a variable mortgage, followed by 36% with a tracker mortgage and 25% with a fixed mortgage based on the latest data available from the Central Bank of Ireland.

Irish Mortgages by type 2023
Mortgage Accounts Ireland Fixed Variable Tracker Total
Residential Mortgage Accounts 427,287 121,064 170,915 712,347
% of total 60% 17% 24%
Residential Mortgage Holders 341,830 96,851 136,732 569,716
Central Bank of Ireland Financial Stability Note ‘The Interest Rate Exposure of Mortgaged Irish Households

6. What is the average outstanding mortgage length and amount Ireland 2023?

38% of Irish mortgage holders have a variable mortgage, followed by 36% with a tracker mortgage and 25% with a fixed mortgage based on the latest data available from the Central Bank of Ireland.

Irish Residential Mortgages Dec 2022 (PDH)
Mortgage Accounts Ireland Fixed Variable Tracker Total
Outstanding Term (Years) 19 13 11 15
Outstanding Value(M) €48,383 €10,689 €18,169 €77,241
Outstanding Value per Holder €141,541 €110,365 €132,880 €135,578
Central Bank of Ireland Financial Stability Note ‘The Interest Rate Exposure of Mortgaged Irish Households, Credit Advanced for Household Purchase as at Dec 2022

7. How many people are in mortgage arrears Ireland 2023?

Number of mortgage in arrears Ireland 2023
Arrears Status Accounts Mortgage Holders
Total > 90 days arrears + 17,723 14,178 (19%)
Of which > 5 years arrears + 11,623 9,298
Data from Central Bank Arrears Report adjusted for closed funds using moneysherpa estimates 20/10/2023

8. How many people are with vulture funds Ireland 2023?

Number of mortgages affected by vulture funds Ireland 2023
Closed Fund Status Mortgage Holders
Total Closed Fund Mortgages 90,104
Performing Tracker 25,625
Performing & Fixed 7,500
Performing Variable 12,500
Restructured 13,638
In Arrears 20,496
moneysherpa estimates 20/10/2023 based on Central Bank Arrears Data

9. What is the current mortgage rate in Ireland 2023?

Current mortgage rate in Ireland 2023
Housing Tracker (PDH) Variable Rate Fixed 1 Yrs+
Private Household +1.15% 4.02% 2.85%
Buy To Let +1.08% 4.39% 3.82%
Central Bank retail Interest Rate data updated 20/10/2023

10. How many mortgages are issued every year in Ireland 2023?

52,634 new mortgages were issued last year in Ireland down from a peak of 204,000 in 2006 according to moneysherpa analysis of BPFI drawdown data.

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11. How many people switch mortgage Ireland 2023?

3.08% of existing mortgage holders switch per annum down from a peak of 4.27% in 2005 according to moneysherpa analysis of BPFI drawdown data.

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Switching & Top Ups As % of Outstanding PDH Mortgages BPFI Drawdown Report

Key Housing Statistics Ireland 2023

1. What percent of people are homeowners in Ireland 2023?

67% of all Irish households own their own home based on CSO census data.

Percentage of renters and homeowners in Ireland 2023
Housing [1] Volume Percentage %
Home Owners 1,147,552 67%
Households Renting 545,006 32%
All Households 1,697,665
Households by ownership based on [1]Census (CSO) 2020 data

2. What percent of people rent in Ireland 2023?

32% of households rent based on the latest CSO data.

Percentage of renters and homeowners in Ireland 2023
Housing [1] Volume Percentage %
Home Owners 1,147,552 67%
Households Renting 545,006 32%
All Households 1,697,665
Households by ownership based on [1]Census (CSO) 2020 data

3. What is the average monthly rent in Ireland 2023?

The average monthly rent is €1,464 compared to the average monthly mortgage repayment with a 50% deposit of €976.

Average rent vs average mortgage Ireland 2023
Housing Monthly
Household Rent [1] €1,464
Mortgage repayment[2] €1,757
Mortgage repayment (inc HTB)[3] €1,562
Mortgage repayment (inc HTB & FHS)[4] €976
[1] Average Rent Residential Tenancies Board 2022. Households by ownership based on census data.
[2] Scenario: 10% Deposit, Best rate,€370,000, 22 year term including Help to Buy (HTB) scheme.
[3] Scenario: 20% Deposit, Best rate,€370,000, 22 year term including Help to Buy (HTB) scheme.
[4] Scenario: 50% Deposit, Best rate,€370,000, 22 year term including HTB and First Home Scheme(FHS).

4. What is the average house price in Ireland 2023?

The median house price is €370,000 for a new house and €275,000 for an existing property.

Median residential property price in Ireland 2023
Housing Median Price [1]
New House Price €405,082
Existing House Price €322,602
[1] Q3 2023 Daft.ie Property Price Index

Sources: Central Bank Mortgage Arrears, Central Bank Retail Interest Rates, Central Bank Private Household Credit and Deposits, CSO 2016 Census Data, BPFI Quarterly Drawdowns Data, Property Price Register, Residential Tenancies Board, Daft.ie Property Price Index

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