First-time buyer average income grew by €15k while home values increased by €100k, says report

Between 2019 and 2024, the median basic household income for first-time buyers looking to purchase a home increased by 22% from €70,000 in 2019 to €85,000.
The average basic income of first-time buyers seeking a mortgage grew to €85,000 during 2024 as their average mortgage size also stood at just under €300,000, new data from the Banking and Payments Federation, Ireland (BPFI) shows.
As part of its latest Mortgage Market Profile Report for the second half of 2024, the BPFI compared the mortgage values and income level of buyers with levels seen in 2019. It found that in the five-year period, the median basic household income for first-time buyers looking to purchase a home increased by 22% from €70,000 in 2019 to €85,000 last year.