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Dublin: 5 °C Tuesday 22 October, 2019
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Poll: Do you expect to buy your own home?

The average age of first-time home buyers is now 34.

Image: Shutterstock/www.BillionPhotos.com

THE AVERAGE AGE of first-time home buyers has increased to 34, according to new figures.

This average age has jumped from 29 in 2006, according to the Real Estate Alliance (a group that represents estate agents).

Under Central Bank rules introduced last year, borrowers are expected to have at least a 20% deposit saved for the value of the house they hope to buy.

For first-time buyers the rules are slightly more lax, with 10% of the first €220,000 required and 20% thereafter.

We want to know: Do you expect to buy your own home?


Poll Results:

Yes (5812)
I already own a house (5094)
No (3050)
I'm not sure (1347)




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About the author:

Órla Ryan

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