First time buyers in Kildare pay above the national average on mortgage repayments.
The median monthly mortgage repayment for first - time buyers in Kildare is €976, the third highest in the country, according to a new BPFI mortgage report.
The report shows that in H1 2021 the median monthly mortgage repayment for FTB’s was €841, more than €300 less than that for a mover purchaser.
Dublin had the highest FTB median repayment of €1,107 followed by Wicklow €1,054, Kildare €976, and Meath €942.
The counties with the two biggest cities outside Dublin, Cork and Galway, had median repayments between €800 and €900.
All other regions had median repayments of less than €730.
The share of FTB aged 30 or under more than halved between 2004 and 2020 to 27%, according to a new BPFI mortgage report.
In most regions with the exceptions of Kildare, Wicklow ,Dublin, Cork, and Meath, mortgages for self-builds outnumbered mortgages for the purchase of new builds.
The self-builds play a key role in market making up 37% of FTB mortgages for new properties and almost 47% of mover purchase mortgages for new properties
The key role which self-builds are playing in the housing and mortgage market, the report finds that self builds accounted for 37% of FTB mortgages for new properties and almost 47% of mover purchase mortgages for new properties.
Commenting on the findings of the report, Brian Hayes, Chief Executive, BPFI said: “Looking forward however it’s encouraging to see from the latest CSO and Department of Housing figures that there were more than 24,000 housing starts and almost 14,000 completions in the first nine months of this year.
“During that same period our own data shows that BPFI members have been supporting customers with almost 22,000 mortgages approved for FTBs and almost 10,000 for mover purchasers and will continue to support people around the country looking to buy or build their new home.”
The Mortgage Market Profile report, shows an overall recovery in the current mortgage market back to 2019 levels following Covid-19.
Kfm Obituary Announcements (Saturday)
Sharp Rise In M9 Collisions With Garda Call-Outs Up Year-On-Year
Councillor Seeks Clarity On How Often Nightclubs and Late Bars In Naas Are Inspected For Fire Risks
Unpaid Eight-Month Work And Training Placement For Adults With Disabilities Branded "Extremely Unfair"
Department Of Education Defends Kildare SNA Cuts Amid Claims Of Reduced Need At Some Schools
Naas Nurses Threaten Escalation As Staffing Row Deepens
Driving Tests Face Disruption As RSA Testers To Strike Next Week
