It takes first-time buyers of new homes in Kerry on average eight years to save for a deposit.
That’s according to a new report which analyses the issues related to housing affordability and supply in Ireland.
Putting Affordability at the Heart of the Housing System was prepared for the Irish Home Builders Association by EY-DKM Economic Advisory Services.
It shows the time it takes to save for a house deposit ranges from 1.7 years in Kilkenny, to over 15 years in Wicklow, as well as Galway, Waterford, Cork and Dublin cities.
In Kerry, it takes on average eight years to save for a deposit.
The figures are based on household income and expenditure data from the CSO, and are worked out from income left over after expenditure and rent.
The report shows the average first time buyer’s new house price in Kerry is €226,000, based on 2019 CSO figures.
