Housing report says people on average income can only afford 5% of houses in Dublin area

A new report released by Initiative Ireland has said that not only is there a housing shortage in this country but the houses that are available are too expensive for the average Irish household.

Analysis conducted by the group says that even with the government’s ‘Help-to-Buy’ Scheme and a 90% loan-to-value mortgage households earning the average gross income of €57,200 would only be able to afford 5% of houses on the market.