The number of home mortgage accounts in arrears for over 90 days at the end of June reached the lowest level since 2009.
That’s according to new figures from the Central Bank which show that the number of principal dwelling house accounts in arrears over 90 days was 24,583 by the end of June - or 3.5% of all home accounts outstanding.
It also noted that 75% of mortgage accounts in arrears over 90 days are held by non-banks.
The figures show that in annual terms, the number of home mortgage accounts in arrears over 90 days fell by 13%.
They also reveal that the number of accounts in long-term arrears - greater than one year - was 18,044, a fall of 10% on the second quarter of last year, Meanwhile, the number of accounts in early arrears - less than 90 days - decreased by 25% on the same time in 2024.
The Central Bank said a total stock of 57,022 home mortgage accounts were categorised as restructured at the end of June, 8.2% of total mortgage accounts outstanding. However it said the total number of restructure arrangements increased by 1,975 accounts over the quarter and marks the first increase in restructures since the first quarter of 2023.
Of the total stock of restructured accounts, 84% were not in arrears, while 87% were meeting the terms of their current restructure arrangement.
The largest two cohorts of restructured home mortgages were in split mortgage and arrears capitalisation arrangements, respectively, unchanged from the previous quarter, the Central Bank added.
Meanwhile, the number of mortgages approved in August was down 17% on the figures for July.
The latest Banking and Payments Federation Ireland (BPFI) Mortgage Approvals Report also shows that there was 2.5% reduction in approvals in August compared to the same month last year.
The report shows 4,536 mortgages were approved in August 2025.
First-time buyers (FTBs) accounted for 2,822 or 62.2% of the mortgages, while mover purchasers accounted for 825 or 18.2%.
The total value of the mortgages approved in August was €1.456 billion, which was 17.8% down on July, but up by 4.1% year-on-year.
First-time buyers accounted for €920m or 63.2% and mover purchasers for €318m or 21.8%.
The chief executive of the BPFI said mortgage values on an annualised basis reached €16.7 billion in the twelve months to the end of August, which he said is "the highest level since the data series began in 2011".
Brian Hayes said the annualised value of FTB approvals "also reached a new high" at almost €10.4bn.
The BPFI report shows that re-mortgage and switching activity rose by 13.8% in volume terms year-on-year and by 30.4% in value in the same period.
Mr Hayes said mover purchase activity "continued to contract, with volumes down by 16.8% year on year in August".
However, he said the average mover purchase mortgage value reached its highest level since the data series began at €384,887, almost €31,000 more than in August 2024.
He also said the average FTB mortgage approval increased by €19,000 over the same period to €325,934 in August 2025.
"These increases broadly reflect housing price inflation," added Mr Hayes.
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