First-time buyers need €50k deposit

The average first-time buyer now has a deposit of almost €50,000.

According to the latest housing affordability index by EBS and DKM economic consultants, the average national property suitable for first-time buyers was €245,662 with the average first-time buyer mortgage costing €196,530.

Therefore, first-time buyers are coming to the market with a cash deposit of €49,132, despite new regulations.