Six-figure salary required to buy first home in three counties, study finds
Three counties in Ireland now require a single first-time buyer to earn a six-figure salary to buy a typical first home, according to a new study.
That figure is up fromm just one county a year ago, Dublin. A single buyer now needs €108,000 in Dublin, €101,250 in Wicklow and €100,238 in Kildare, according to new research from Chill Insurance.
The research also found that in every one of the 26 counties, a single buyer earning the national median salary of €44,816 would fall short of the income required to buy a typical first home.
The research describes a "country of two extremes".
At the lower end, even Longford, the most affordable county, requires a first-time buyer to earn €48,375 for a typical first home. At the top, Dublin, Wicklow and Kildare each now require a six-figure salary.
In all three, a single buyer on the local median income would need to more than double their salary to qualify for a mortgage on a typical first home in their county. In Dublin, the...
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