Image: Shutterstock/fizkes Image: Shutterstock/fizkes THERE HAS BEEN a significant decline in buy-to-let investors in the housing market with these loans now accounting for less than 1% of mortgages, compared to 20% in 2006, according to new figures.
The BPFI said the supply-demand imbalance in the housing market is set to continue in 2021 as the impact of the Covid-19 pandemic limits supply while demand remains strong. Related Read 29.01.20 First-time buyers made up most of the 12,000 mortgages drawn down in last quarter of 2019Speaking about the figures, Brian Hayes, Chief Executive of BPFI, said Covid-19 “has had a significant negative impact on the Irish housing and mortgage markets in 2020, however demand remains strong especially among households less affected by the pandemic and non-household investors”.
Source: News Formal (newsformal.com)