Buying a Home in Ireland? Here’s what you should know!
🏡 Should You Wait for Lower Mortgage Rates? Experts Say No1
If you’re considering buying a home in Ireland, you might be tempted to hold off in the hope that mortgage rates will fall. But according to industry experts, waiting for the “perfect” rate could mean missing out on opportunities in today’s market.1
📉 Mortgage Rates: What’s Happening Now
The Central Bank reports that the weighted average interest rate on new mortgages in Ireland slipped slightly to 3.6% in June. While this is a small improvement, Ireland still sits at the higher end of mortgage rates across the eurozone.
Trevor Grant, chairman and co-founder of Irish Mortgage Advisors, warns that banking on bigger rate cuts isn’t a safe strategy.1 By delaying, buyers could risk higher property prices or stiffer competition down the line.
🏠 The Housing Market Reality
Ireland’s housing market remains competitive, with demand outpacing supply. Even if rates ease a little further, the benefit could be offset by rising house prices.
✅ What You Can Do
- Review Your Finances: Take an honest look at your budget and assess if you’re ready to take on a mortgage.
- Seek Expert Guidance: Mortgage advisors can help you compare options and lock in the best deal for your situation.
- Stay Informed: Keep an eye on rate trends and market updates so you’re ready to act when the right opportunity comes along.
Sources
1 The Irish Times, 13 August 2025, Would-be homebuyers urged not to hold off in expectation of lower mortgage rates
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