Solo first-time buyers of new homes in Ireland have average income of €67,000

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Solo first-time buyers of new homes in Ireland have average income of €67,000
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Increased housing supply moderating house price inflation, report by Banking and Payments Federation Ireland report also suggests

For FTBs buying an existing home, the share of solo applicants was 32 per cent in 2019 compared with 33 per cent in 2022.

The report said the decline in annual property price inflation – it has fallen from more than 15 per cent in the early part of last year to less than 4 per cent currently – can be partly explained by the significant increase in housing supply since the pandemic as well as recent interest rate increases by the European Central Bank.

The banking group also noted that this was the highest number of completions seen in any first quarter since its data series started in 2011.

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