“Prices are stabilising but many first-time buyers are still struggling.
“There can be no doubt that thousands have stable incomes and can afford mortgage repayments, but need help to get that initial leg up on the property ladder.”
House prices have increased by more than 80% from their lowest point in 2013.
The latest Residential Property Price Index, issued by the Central Statistics Office (CSO), shows that prices are continuing to increase, albeit at a slower rate than this time last year.
In 2019, property prices increased by 0.9%. In 2018, the rate of increase was 6.3%.
…
Joey Sheahan, head of credit at MyMortgages.ie, said, “Prices are stabilising but many first-time buyers are still struggling.
“There can be no doubt that thousands have stable incomes and can afford mortgage repayments, but need help to get that initial leg up on the property ladder.”
Brokers Ireland echoed this sentiment, noting that first-time buyers are experiencing “continuing difficulty” in accessing the market.
Read the full article here –
https://www.irishexaminer.com/breakingnews/ireland/house-prices-have-increased-over-80-from-lowest-point-in-2013-981573.html
