First time buyers in Galway spending 30 percent of income on mortgage

Galway Bay fm newsroom:

First-time buyers in Galway are spending about 30 percent of their income on mortgage repayments.

That's according to a new countrywide housing affordability study by the ESRI.

It found that the mean gross income for a first time buyer couple in Galway is just over €47 thousand - with the average repayment standing at €863.

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