The Irish Examiner reported yesterday that house prices in Ireland are now the most affordable in 25 years.
WHAT a difference a bust property bubble makes?
While much of the decade was all about exorbitant house prices, latest figures show prices are now at their most affordable in more than 25 years.
It reports that the average first home buying working couple is now spending 12.6% of their disposable income on the mortgage in December 2010. In the second quarter of 1988 this figure was 13.8%.
» Most affordable house prices in 25 years – Irish Examiner, 28th January 2011.