Rising deposit amounts being used by buyers taking out mortgages has put homes out of reach for first time buyers.
New figures from the banks show the value of the average deposit by buyers has risen by 38% in a year from €38,000 to an average of €51,000 for buyers in Dublin.
Banking figures show €20,000 deposits being used outside of Dublin by the end of 2015 are up significantly from €16,000 in 2014.
In Galway, the average deposit is now €27,000, up from €21,000. And in Cork, it is €32,000, up from €24,000. This now means that qualifying for a mortgage was now beyond ordinary workers, according to experts.
The figures were provided to mortgage brokers and estate agents by the Banking and Payments Federation.