Almost one in five house sellers 'cannot afford mortgage'

Almost one in five house sellers 'cannot afford mortgage'

Almost one in five people selling their homes say they cannot afford the mortgage on it, according to a recent survey.

The study by MyHome.ie also found that one in four say they set a lower value for their house when calculating Property Tax than the estimate suggested by Revenue.

The website's managing director Angela Keenan says there is a lot of concern among homeowners about the tax.

"Under two-thirds went with the Revenue figure an in fact 11% went with a higher figure," she said.

"But also what was interesting was a couple of issues that buyers are facing - a number of prospective buyers are absolutely worried about the prospect of paying property tax for a full year."

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