Economic and Investment Outlook
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 and refugees from Ukraine** add
demand for housing
100
80
60
40
20
0
100
40
40
90
20
80
0
do
70
-20
60
-40
50
- -60
I
40
2008 2010 2012 2014 2016 2018 2020 2022
First-Time Buyer Purchase, % total, lhs
30
20
Mover Purchase, % total, lhs
10
Residential Investment Letting Purchase, % total, lhs
0
- Total drawdowns, y-on-y %, rhs
2015
2016
2017
2018
2019
2020 2021
2022
Source: BPFI
■Natural population change
Net migration
Ukrainian refugees
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
*4 quarter sum used (LHS)
**Arrivals from Ukraine as of April 2022
20
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