The Average Age Of A First Time Home Buyer In Ireland Has Been Revealed

Some disappointing news today we’re afraid: looks like we’re even further away from owning our sweet home then we thought.

The Central Bank has issued new details about mortgage lending in Ireland in 2016, and The Journal.ie have reported the findings.

Are you ready? Take a deep breath…

The average first time buyer, be it a single or a couple, are 34 years old.

Mortgage loans worth €5.7 billion were issued in 2016, with the average first timer having to borrow €185,939 to buy a home. Yikes.

The average property price that first time buyers snapped up a home for was €250,361, and the average income of the people buying them was €67,287.

First timers borrowed about 78.8% of the full value of their property, meaning they would have needed a deposit of around €50,000.

Guess we better start saving so…

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