Windsor Framework & Northern Ireland Protocol Overview
Demand is strong, but drawdowns slowing
Increased net migration further fuelling tight demand in the housing market
Mortgage drawdowns* increase starting to slow, fuelled by a
fall in residential investment drawdowns
Increased net migration given economy and refugees from
Ukraine add demand for housing
100
862°
80
60
40
20
40
420
20
0
do
-20
-40
- -60
I
2008 2010 2012 2014 2016 2018 2020 2022
100
90
Net Balance, thousand
80
70
60
50
40
30
BR322
20
First-Time Buyer Purchase, % total, lhs
Mover Purchase, % total, lhs
Residential Investment Letting Purchase, % total, Ihs
- Total drawdowns, y-on-y %, rhs
10
0
2015 2016 2017 2018 2019 2020 2021 2022 2023
I Net migration Natural population change
Source: BPFI
Source: CSO
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
*4 quarter sum used (LHS)
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