2022 a strong year for first-time buyers

One agent said average FTB spend in 2022 was €380,000

Starter Homes collage

DESPITE supply shortages, inflation, interest rate increases, a cost of living crisis and war in the Ukraine, first time buyers (FTBs) managed, in the first nine months of the year, to buy 2,100 more homes and borrow €957 million more than they did in the same period last year.

Banking & Payments Federation Ireland figures show that between January and September, FTBs borrowed €4,656 million for the purchase of 17,761 properties. Some 12,104 of these were second hand while 5,657 of them were new, which is 1,171 more second-hand units and 929 more new homes than in the same period last year.