Irish property buyers get a head start by purchasing in their early 20s

First-time buyers are getting on the property ladder at a young age, according to figures released today. For most, the search begins in their early 20s.

The new research carried out by the Irish Mortgage Corporation reveals that 22% of first time buyers this year were 25 years or younger, the average being 28 years old.

Homes on major public transportation routes, for example Luas or Dart remain in high demand, while 60% of new homes purchased in the capital last year cost less than €300,000 .

Not surprisingly buying with a friend is now very common, as is purchasing with a family member to ease the burden.