The value of mortgage approvals in Ireland reached almost €1.8 billion in July.
This is the highest figure since the data series began in 2011, according to the latest figures from Banking & Payments Federation Ireland (BPFI).
The latest figures represent a monthly increase of 13.7% and is 10% higher than in the same month of 2024.
According to the BPFI, there were 3,356 first-time buyer mortgage approvals in July, with values exceeding €1.1 billion for the first time.
As the BPFI data set only goes back as far as 2011, it therefore would not be able to offer comparisons with the level of mortgage lending during the economic boom in the 2000s.
Overall, 5,467 mortgages were approved in July with first-time buyers accounting for almost two thirds of that figure.
The number of mortgages approved for the month was 12% higher month-on-month and 2.9% more than in July 2024.
Meanwhile, re-mortgage/switching activity for July rose by 27% in volume terms year-on-year, and by 49.9% in value.
BPFI Chief Executive Brian Hayes said: "“The latest mortgage figures show continued growth in July, with approval volumes and values increasing by 2.9% and 10.0% respectively, year on year. In total, there were 5,467 mortgage approvals in July with overall values reaching the highest level since the data series began in 2011 at almost €1.8 billion (€1,771 million).
“In annualised terms, first-time buyer activity reached new heights with 32,363 mortgage approvals valued at almost €10.4 billion in the 12 months ending July 2025.
"First-time buyer demand remains very strong with the Revenue Commissioners reporting that Help-to-Buy applications reached almost 26,000 in the first seven months of the year, 47% more than in the same period of 2024," he said.
"Over the same period, Help to Buy claims exceeded 5,500, up 14% year on year," Mr Hayes added.
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