‘Affordability’ of buying a house in Dublin ‘stretched’

The affordability of homes in Dublin is already “stretched” and the Central Bank mortgage controls will likely hold prices in check, according to a major study of the housing market by Davy Stockbrokers.

Buying an average family home in Dublin costs 6.2 times the average income earned in the region, the broker said.

That compares with only 3.9 times average income required to buy a family home in the south-west.