Home buyers need bigger incomes to secure property these days
Insight from the Banking and Payments Federation Ireland (BPFI) has established that new mortgage customers now need significantly bigger incomes to buy a home, compared to the property price peak of over a decade ago, The organisation’s most recent Mortgage Market Profile Report indicates that 13% of first-time buyer mortgages and 7% of mover purchase mortgages were backed by incomes of up to €60,000 last year, compared to 51% and…
