Offaly Named In Top 10 Cheapest Areas For First Time Homebuyers

Dublin and Galway were found to be nearer the bottom of the list.

Offaly is listed among the top 10 most affordable areas for first time buyers to purchase a house. 

A new report from Switcher.ie is highlighting the deposit saving times and shows timelines have lengthened compared to last year.

It would take an average of 12 years, 7 months for a sole buyer in Offaly to save their deposit, whereas in Laois it takes 12 years, and 9 months, and in Westmeath the wait is 16 years and 1 month.

In areas around Dublin and Galway it takes over 35 years.  

Many first time buyers are reliant on help to buy schemes and grants, which often require them to purchase a new build.
 

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