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AIMA

First-time buyers hit by €80,000 shortfall as affordability gap worsens outside capital

A couple on a good income are still left nearly €80,000 short when trying to buy a new-build home in some counties outside Dublin, as the affordability gap for first-time buyers worsens.

An analysis by the Society of Chartered Surveyors Ireland (SCSI) found a typical couple, working as a garda and a nurse and earning €107,000 combined, would be left €78,000 short when applying for a mortgage to buy a three-bed home in Co Wicklow. It was one of five counties analysed.

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