A new report from the Banking and Payments Federation Ireland (BPFI) reveals that first-time buyers in Ireland are paying a median income of €90,000 and are now typically 35 years old. The median price paid for a property by a first-time buyer has also increased significantly in recent years, reaching €360,000.
First-time buyers in Ireland are now paying a median of €90,000 per year and are typically 35 years old, according to a new report by the Banking and Payments Federation Ireland (BPFI). This is significantly older than in previous decades, reflecting the affordability challenge facing buyers. The report found that the median price paid for a property by a first-time buyer rose from €272,000 to €360,000 between the first half of 2019 and the first half of 2024.
The biggest increases were seen in Wicklow, Galway, Limerick, and the midlands, where the median price paid for a first-time buyer property exceeded €400,000. Average mortgages taken by both first-time buyers and existing homeowners moving homes have reached record levels at €289,126 and €329,873 respectively. But mortgage volumes remain well below their Celtic Tiger peak in most segments of the market
Housing Market First-Time Buyers Property Prices Mortgage Rates Ireland
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