House prices at most affordable rate in 25 years

IRISH house prices are at their most affordable in more than 25 years.

Figures detailed in the EBS/DKM economic consultants affordability index, published yesterday, have confirmed house prices today are on average three times higher than they were in the mid-1980s.

However, the research also shows house-owners are using less of their finances to pay their mortgage than at any point over the past 25 years.