’Little chance’ for minimum wage workers to get mortgage for one-bed apartment
Most individual wage earners in Ireland would not meet the criteria to apply for a mortgage for a one-bed apartment anywhere in Dublin, while a full-time minimum wage earner would have “little chance” of getting a mortgage for the same type of property in Cork, Galway, or Limerick cities, writes .
That is according to research by an economic think-tank, the Nevin Economic Research Institute (NERI) which examined rent and asking prices in relation to the wages of a selection of representative workers.
