Revealed: First-time buyers need almost €80k income to get on property ladder

Local authorities find it increasingly difficult to get tenders to build taxpayer-funded homes. Picture:PA

First-time buyers now need “significantly higher incomes” than they did during the Celtic Tiger boom to get a mortgage, new figures reveal. 

The median household income of first-time buyers now stands at €77,000, according to a new report from the Banking and Payments Federation Ireland (BPFI).