First-time buyers need incomes of almost €80,000, banking body says

17 comments
  1. I hope this means as a couple and not as an individual. I’m single, but I fancy my chances of finding someone who earns €53k a little more likely than my getting a raise of €53k.

  2. I’m on below 50 and managed to get a house as a FTB on my own just 1 month ago. It’s not in Dublin and it’s only 81sqm but it’s certainly not as bad as this headline leads to believe.

    Edit: alright r/ireland doing what it’s best at and just downvoting for the sake of it. I’m literally just stating a fact that I’m on way below 80k and have just bought a house. The headline is totally fucking misleading.

  3. I got an 10k payrise in the last year but since then the average prices in my area have unfortunately outpaced the extra 35k amount that my payrise would have allowed me to borrow.

    Plus the extra deposit I managed to save since last year!

  4. Im hopeless with this crap. I got a pay rise to 40k, I have taken a second job in a bar at weekends and I moved back home. Im earning all in 2950 after tax now a month (I lose half my weekend earnings as its over the higher rate), Im saving 2200 a month. Im still at least 4 years away from being able to afford a 190k 1 bed apartment in Blanch or Clondalkin. What hope is there for us, Im trying to do all the right things, and it seems impossible

  5. Hi. We are a couple, and first time Buyers this year. Our mortgage approval was for €200k and our combined income at the time was €65k. Was enough for us but we couldn’t even buy anywhere near Dublin or even Kildare so are now it in the midlands. It’s going good, but this country is a shit show and when selling time comes it will be a villa in Spain next instead.

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