Buying a property for the First time Dublin has become much harder in recent years as latest figures have revealed that prospective first time buyers must earn over €100,000 in order to get a mortgage.
The new figures were released after a report compiled for the Irish Sun shows that a first time buyer looking to purchase a property in South County Dublin would need to be earning at least €133,000 a year.
The startling figure is m stark contrast compared to those living in Co Longford who only need to earn on average €26,000 a year to apply for a mortgage.
The new report entitled the unaffordability index compiled by Karl Deeter used a 90 per cent mortgage, borrowing three and a half times earnings – and looked at average house prices around the country.