Irish first-time buyers pay €180 a month more than EU neighbours for mortgages

First-time buyers are spending €262,000 on a property, on average, meaning someone borrowing this amount over 30 years is paying €2,100 a year more than their European counterparts. File Picture: iStock

The average first-time housebuyer in Ireland is paying €180 more a month on mortgage repayments than our European neighbours. 

Ireland is again top of the table for having the highest mortgage rates of any Eurozone country, according to data released by the Central Bank. The country's average mortgage interest rates of 2.69% rank us number one in the 19-country Eurozone.