Getting on property ladder will take buyers three years longer than planned, survey finds

One in ten home-buyers say it is going to take them three years longer than planned to get on the property ladder.

A new survey from KBC shows that while supply is at a record low, demand for houses is continuing to rise.

The survey reports figures in line with yesterday's CSO data release which shows that there was a 13% increase in Irish house prices in the year to February.

The upturn in the economy has led to a 'bulge' of prospective home buyers, the survey finds.

Sentiment among home-buyers is that, due to an inadequate supply of housing, finding the right property means significant compromises have to be made about what, where and when to buy.

There are currently about 82,000 would-be buyers in a position to buy immediately, the survey says.

However, there was good news for some of those who queued outside the west Dublin Hansfield estate this morning, with lucky buyers securing up to 20 homes with a price tag of between 290,000 and almost 500,000.

- Digital Desk

Related Articles

Ideal Homes Exhibition targeted by Campaign for Public Housing

Building 50,000 homes ‘not the answer’

Social housing targets: Proposals lack real ambition

10,000 'trapped' in emergency accommodation, says housing charity

More in this Section

Passenger jet makes emergency landing in Dublin after crack appears on windshield

Pro-choice: Repealing the 8th will not mean disability could be grounds for abortions

Court cuts sentence for ex-Sinn Féin councillor for false imprisonment and threats to kill

Council issues body cams after staff encounter 'threats of violence'

Today's Stories

€32k for Patrick’s Day US flights

Martin attacked over Brexit comments

Illegal adoptions, including sale of baby, known to HSE since 2012

US tourist rescued after Blarney Castle heart attack thanks people who saved his life


New father’s life ‘changed forever’ after he was run over by surgeon

The biggest cancer killer will take your breath away

Hopefully she had an idea...

Power of the press: Meryl Streep and Tom Hanks discuss 'The Post'

More From The Irish Examiner