Central Bank rules

General
Average age of a first-time buyer in Ireland now 34

Average age of a first-time buyer in Ireland now 34

The average age of first-time house buyers in Ireland has risen by five years over the past decade, from 29 to 34, according to a report from estate agency group Real Estate Alliance, who predict that home ownership may soon be a pipe dream for those in…
General
Fears that non-first time buyers could become trapped in their homes because of new mortgage rules

Fears that non-first time buyers could become trapped in their homes because of new mortgage rules

Fears have been expressed that the new Central Bank rules on mortgage lending will prevent many non-first time buyers upgrading their homes. Speaking yesterday, Fianna Fáil’s finance spokesperson Michael McGrath said people who had already bought could become trapped in their current homes despite the…