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home buyers

Average age of home buyers stands at above 40

Statistics compiled by the Central Statistics Office (CSO) indicate that the average age of house buyers is going up – it seems that the median age of single home buyers has gone above 40, with joint purchasers standing at 38. Their recent data on the characteristics of Residential Property Purchasers in all Local Electoral areas (LEA) in the country was based on 2019 figures. The median national average age has…

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…