A recent SCSI study examined whether a couple with a combined income of €107,000 could afford a new three-bedroom semi-detached home in five areas, including Kildare.
Kildare has emerged as one of the areas where prospective home buyers are struggling the most to get on the property ladder.
A recent SCSI study examined whether a couple with a combined income of €107,000 could afford a new three-bedroom semi-detached home in five areas, including Kildare.
The SCSI's analysis considered the couple's borrowing capacity at 3.5 times their income, even though recent changes to Central Bank rules now allow first-time buyers to borrow up to four times their income.
It found, however, that the couple could only afford a home in Meath, and only with additional support from the First Home Scheme (FHS).
SCSI spokesperson Gerard O'Toole highlighted the challenges, noting that even with government schemes, many first-time buyers in Kildare are being priced out of the market.
"Last year our case study 'couple’ could buy in three locations without the support of the First Home Scheme (FHS). This year a new home is only affordable in one and that is with FHS support, so the widening affordability gap is a real concern," he said.
He added: "While buyers with savings should be able to overcome the gap in Meath, Galway and Cork, new three-bed homes in Wicklow and Kildare remain totally out of reach for people on these salaries."
Johnny Doyle Announces His Retirement From Club Football
Mains Repair Works May Be Causing Water Supply Disruption Today
Kildare Set To Benefit from 3 Billion Infrastructure Boost In Upcoming Budget
Kildare County Council Is Set To Showcase 20 Local Food Producers At This Year’s ‘Taste Of Kildare’ Festival
Navigating Bilingual Parenting: Expert Advice For Kildare Families This Autumn
Protest Takes Place In Celbridge Regarding Safe Access Route To School
Kildare Businessman Being Sued In The US Owns Company That Is Not Authorised By The Central Bank Of Ireland
Listen: The History Of St Brigid Will Be Celebrated In Maynooth University Over The Next Two Days
