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The ability of households to accumulate mortgage deposits has been the subject of significant public debate in recent years, with rental and house purchase prices rising. This article examines:
Fergal McCann, Senior Economist discusses the time to save for mortgage deposits
The ability of households to accumulate mortgage deposits has been the subject of significant public debate in recent years, with rental and house purchase prices rising. This article examines:
- The required down-payment for a first time buyer purchase of a three-bedroom property
- The number of years of saving required to purchase a three-bedroom house in Dublin (2.5 to four years), other urban areas (1 to 1.5 years), and non-Dublin, non-urban areas (below one year)
Fergal McCann, Senior Economist discusses the time to save for mortgage deposits