Value of loans approved by Home Building Finance Ireland doubles in H1 [Video]

The value of loans approved by Home Building Finance Ireland, the government fund for the delivery of new homes, grew to €2.05bn at the end of June.

The total represents an increase of 24% from the end of last year when the value of loans totalled €1.66bn.

The €398m in loans approved during the first six months of 2024 was more than double the €189m approved in the same period of 2023.

“We saw a doubling in our loan approvals in H1 2024 versus the same period in 2023,” said Dara Deering, CEO of HBFI.

“An increase of this size reflects the really strong and sustained demand for new homes and the significant appetite among small, medium and large housebuilding companies to meet that demand if they can get the finance they need.”

To date, HBFI has approved financing for 11,200 new homes in 162 developments across 23 counties, including 3,764 units that had already been sold and 2,103 …