Increase of first-time buyers being forced out of Dublin putting strain on infrastructures in Louth
First-time buyers are being priced out of Dublin and into the commuter belt counties such as Louth, according to the latest Market Monitor report from the Banking and Payments Federation Ireland shows.
The BPFI monitor reveals that the share of first-time mortgages for homes in the commuter belt – Louth, Meath, Kildare and Wicklow – has increased to around 41% so far this year.
This is a trend that the report said will likely put pressure on the infrastructural needs of these areas, including services such as transport, schools and healthcare.
The BPFI monitor also shows that the number of houses being built continues to grow, with the upward trend mainly driven by a significant rise in new apartments coming on stream.