Homeowners coping with big mortgages
The survey, conducted for PermanentTSB, found that nearly half of those who take out a mortgage feel its does not curtail spending on their social lives.
The bank said that this finding supports the argument that while house prices had increased very significantly over recent years, the low interest rate environment meant that the affordability of houses had not deteriorated as much as people had expected.
The bank's survey found that two-thirds of those who have a mortgage or who expect to take one out within the next two years said that they relied on their own savings to fund the deposit on a new home.
Just 10% claim that they did, or would, rely on parents to help with the deposit.
Just under a quarter of those surveyed said they had borrowed, or would borrow, to fund their deposits.
Niall O'Grady, the bank's head of marketing, said that the research challenged commonly held assumptions that parents were being relied upon to help their children get a step on the property ladder.
"This research suggests that a greater proportion of people than might have been expected are actually thinking ahead and saving the money for their deposits," said Mr O'Grady.
The research also highlighted the varying popularity of different types of mortgage products.
When asked which options they might consider when applying for a home loan, 47% said a fixed rate mortgage, 27% said a variable rate mortgage and just 6% said a tracker mortgage.
Tracker mortgages have received very positive coverage recently because they are designed to track the interest rate movements of the European Central Bank.
PermanentTSB are forecasting a slowdown in the rate of growth of house prices this year, although it says there is unlikely to be any crash in the property market.
The average cost of buying a house in Ireland has risen by ā¬13,000 since last December.
The monthly Permanent TSB/ESRI price survey shows the average house nationally costs nearly ā¬250,000, a 5.7% increase since the beginning of the year.
The increase, though, is less than the 8.1% that prices rose over the same period last year, as the market eases back due to extra supply.
For the month of July, house prices rose by just 0.9%, the same increase as June this year, but below the 1.1% recorded in July 2003.
