Income earners of €90K are in a 'property limbo'

The income gap between those who qualify for council housing and those who can afford a mortgage in metropolitan Cork has widened at an alarming rate, meaning many more people are now caught in a property limbo.

A report by Cork County Council's director of planning, Michael Lynch, showed that a household with an annual income of €44,000 will qualify for social housing but, in many areas on the periphery of the city, a household income has to be in the region of €90,000 to qualify for a mortgage.