First time buyers accounted for more than half of all the mortgages approved by Irish banks in November last year.
Almost 4,200 mortgages were approved, according to the Banking and Payments Federation Ireland.
The strongest growth was among those getting on the property ladder for the first time, up more than 8 percent on the 2018 figure.
Mortgages approved in November 2019 were valued at 960 million euro – of which first time buyers accounted for 493 million euro.
The federation’s chief executive, Brian Hayes, says the report shows Irish banks have recognised the demand for housing:
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