Affordable housing in Dublin

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Purchasing power of the prospective first-time buyer

” , the price of new homes at Oscar Traynor Road is set by the purchasing power of the prospective first-time buyer. A two-bed home at €355,769 would require a 10 per cent or €35,576 deposit. A first-time buyer avails of the €30,000 Help to Buy Scheme, leaving a mortgage of €320,000 which would be available to a couple on €40,000 each, borrowing four times their income. Similarly, the three-bed home at €399,731 would be available to a couple on €45,000 each.

Excluding any land value, the most competitive price secured was €428,514 per unit, which is line with estimates published by the Society of Chartered Surveyors. In the face of pushback, historian Corinne Fowler is trying to open minds to Britain’s legacy of slavery

 

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Source: IrishTimes - 🏆 3. / 98 Read more »