The average residential mortgage loan was €308,200 in the third quarter of 2024, up 7 per cent on the year. In October the average mortgage approval rose to a new high of €321,000, up 8 per cent on the year, the report noted.
The research suggests first-time buyers in Ireland are getting older. On average they were aged 36 years in the first half of 2024, up from 34 in 2020, and putting them two years older than the UK average. And they spend on average about 28 per cent of their post-tax disposable incomes servicing their home loans.
Below are a series of graphics which show some of the key trends in the Irish property market. MyHome.ie is owned by The Irish Times group.Man arrested at Dublin’s Connolly station after carrying shotgun on train - The first graphic shows the median asking price for a three-bedroom, semi-detached property in each county, based on data from- This graphic shows how the average loan value for house purchasers in Ireland has changed over the last two decades.MOST READ
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