The EBS/DKM Affordability Index presents an analysis of changes in affordability for First Time Buyers in the Irish housing market.
May 2010
The EBS / DKM Affordability Index shows that the average first time buyer working couple is paying just 12.6% of their joint income to service their mortgage compared with 26% three years ago.
January 2010
The EBS / DKM Affordability Index shows that housing is at its most affordable level in twenty five years for First Time Buyers.
October 2009
The EBS / DKM Affordability Index shows that by December 2009, First Time Buyer monthly repayments will have fallen by €513 since July 2008 (on a national basis) - roughly 43%. However, negative equity fears and oversupply remain a concern.
June 2009
Affordability - at 14% - is back to the levels of the mid-nineties.
The EBS / DKM Affordability Index shows that affordability for first time buyers continues to improve and that this trend is set to persist, despite reductions in incomes.
November 2008
EBS/DKM Housing Affordability Index continues to show an improvement for first time buyers.
First Time Buyer Couple can save €2,600 when purchasing a home now compared with 2 years ago.
April 2008
EBS/DKM Housing Affordability Index continues to show an improvement.
Our analysis of renting versus buying shows a couple is better off buying today rather than renting if they retain their property for more than three years, even after allowing for a 10% reduction in average house prices over the course of 2008.
January 2008
Stability in the Housing Market is Good News for First-Time Buyers' Affordability.
By December the average first time buyer working couple in Ireland was spending 22.6% of their net income on mortgage repayments, compared with 26.4% a year ago.