The Irish government holds hefty stakes in some of Ireland's largest lenders. However, the Department of Finance has been divesting some of its stakes in the sector recently – the Bank of Ireland became fully privatised in 2022. Allied Irish Banks also saw a big slump in its state-owned assets, from 71% at the start of 2022 to 3.3% in May 2025. Industry revenue is projected to climb at a compound annual rate of 11.7% over the five years through 2025 to €13 billion, including estimated growth of 21% in 2025. 2022 marked the end of low interest rates, supporting profit despite economic headwinds like rising inflation and subdued economic growth weighing on lending activity. Irish banks were also slow in passing these rate hikes to savers in the two years through 2023, ratcheting up net interest income. Although government pressure saw the likes of the Bank of Ireland hiking their savings rates on certain products in August 2023, Irish banks reported eyewatering profits during the year. Despite further rate cuts from the ECB, Irish banks continued to rake in record profit in the higher base rate environment and healthy domestic economy. In 2025, net interest income is set to drop in line with declining interest rates. However, a robust labour market and growth in consumer activity and house prices will keep bank balance sheets healthy. Industry revenue is set to jump at a compound annual rate of 4% to €15.9 billion over the five years through 2030. Irish banks are positioned to perform well in the short term despite multiple rate cuts expected from the ECB in the coming years, putting pressure on net interest margins. Lending activity will be supported by improving economic growth and a healthy housing market. However, uncertainty regarding Ireland’s strong connection with the US and Trump’s aggressive tariff policies will cast doubt on lending activity and mitigate the uptick in lending activity over the coming years. Technology adoption will continue on its upward trajectory, with banks closing branches to improve cost efficiencies and aid profitability.

These data relate to new mortgage lending on residential property in Ireland on an annual basis. Data relates to those institutions [(banks and non-bank mortgage lenders)] who issue at least €50 million of new mortgage lending in a six-month period and are subsequently required to submit loan-level information to the Central Bank for the purposes of the macroprudential mortgage measures. The value and volume of new lending is provided, by borrower type, along with the distribution of lending by Loan-to-value and Loan-to-income ratio. Average characteristics are also provided. These data do not constitute official statistics. These data are published to support transparency and understanding of market developments.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

Uncover the dynamic UK consumer banking market's growth trajectory (2025-2033). This comprehensive analysis reveals key drivers, trends, and challenges facing major players like Allied Irish Bank, Metro Bank, and others. Explore market segmentation, regional data, and future projections.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to decline at a compound annual rate of 2.9% to €1.1 trillion over the five years through 2024. Building construction output recorded strong and consistent growth across Europe in the years leading up to the pandemic, buoyed by rising house prices and a return to economic stability as the effects of the financial crisis faded. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring costs and the impact of the economic slowdown on both the housing market and investor sentiment have led to a renewed slowdown in building construction activity across the continent. Revenue is forecast to decline by 1.5% in 2024. Revenue is forecast to increase at a compound annual rate of 4.9% to €1.5 trillion over the five years through 2029. Activity is set to remain sluggish in the medium term, as weak economic growth continues to constrain investor sentiment and high borrowing costs hold back the housing market. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing as countries seek to tackle severe housing shortages.

The Irish market for bearing housings not incorporating ball or roller bearings, plain shaft bearings soared to $5.7M in 2024, surging by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a slight increase.

In 2024, the Irish market for bearing housings incorporating ball or roller bearings increased by 485% to $9.3M for the first time since 2021, thus ending a two-year declining trend. In general, consumption saw a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In the presented European countries, the homeownership rate extended from 42.6 percent in Switzerland to as much as 95.9 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK, and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 20 euro area countries stood at 64.5 percent in 2024. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2024, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria, one of the most expensive European countries to buy a new dwelling in, the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2024, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible for heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.

During the COVID-19 pandemic, the number of house sales in the UK spiked, followed by a period of decline. In 2023 and 2024, the housing market slowed notably, and in January 2025, transaction volumes fell to 46,774. House sales volumes are impacted by a number of factors, including mortgage rates, house prices, supply, demand, as well as the overall health of the market. The economic uncertainty and rising unemployment rates has also affected the homebuyer sentiment of Brits. How have UK house prices developed over the past 10 years? House prices in the UK have increased year-on-year since 2015, except for a brief period of decline in the second half of 2023 and the beginning of 2024. That is based on the 12-month percentage change of the UK house price index. At the peak of the housing boom in 2022, prices soared by nearly 14 percent. The decline that followed was mild, at under three percent. The cooling in the market was more pronounced in England and Wales, where the average house price declined in 2023. Conversely, growth in Scotland and Northern Ireland continued. What is the impact of mortgage rates on house sales? For a long period, mortgage rates were at record-low, allowing prospective homebuyers to take out a 10-year loan at a mortgage rate of less than three percent. In the last quarter of 2021, this period came to an end as the Bank of England rose the bank lending rate to contain the spike in inflation. Naturally, the higher borrowing costs affected consumer sentiment, urging many homebuyers to place their plans on hold and leading to a decline in sales.