Many first-time buyers will be frozen out of purchasing new apartments

A Business Post analysis has revealed that apartment costs are set to rise far beyond the mortgage-borrowing ability of many prospective new homeowners

14th February, 2021
Many first-time buyers will be frozen out of purchasing new apartments
Apartments in Grand Canal Dock in Dublin, where prices are steadily rising Picture: Fergal Phillips

The majority of first-time buyers are likely to be frozen out of Dublin’s booming new-build apartment market in the coming years, the Business Post can reveal.

Apartment costs are set to rise well beyond the mortgage-borrowing capability of many typical first-time buyers, according to a detailed analysis by this newspaper of more than 26,000 apartments due to be built in the capital within the next seven years.

The average new-build two-bed apartment...

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