Bleak outlook as €90k salary not enough to buy a new home in Cork

With supply still an issue, even house-hunters with incomes of almost €90,000 will continue to struggle to buy a home in many locations, an SCSI report has stated.

Estate agents signs outside an estate in Clane, Co Kildare. Picture: Colin Keegan, Collins Dublin

A couple on a combined salary of €89,000 will still face a shortfall of €30,000 when it comes to buying a new home in Cork, even with the aid of help-to-buy supports.

The rate of house-price increases is expected to fall to 4% over the next year, but many people will remain priced out of the market until there is a sufficient supply of homes to meet demand, according to a report by the Society of Chartered Surveyors Ireland (SCSI).