First time buyers in Dublin are being hit hardest when it comes to repaying mortgages, where it's been revealed some are spending nearly half of their income on monthly repayments.
New figures from EBS reveal the lack of supply in housing is having a direct knock-on effect on affordability for those purchasing a home for the first time.
Dublin, and it's commuter belt, are some of the least affordable places to buy, with couples needing up to 26 per cent of their income to get a mortgage.
Within Dublin, Dun Laoghaire-Rathdown was found to be the least affordable area, with working couples paying 35.8% of their net income in monthly mortgage repayments. A single first time buyer in the same area would pay over half (53.5%) of their net income in repayments.
The most affordable counties for first time buyers were Longford, Offaly and Leitrim.