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Mark Keenan: 'Downward trend is welcome but houses still out of reach for families'

 

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There is a long way to go before the price of an average home in the capital becomes affordable once again. Stock photo: Getty Images

There is a long way to go before the price of an average home in the capital becomes affordable once again. Stock photo: Getty Images

There is a long way to go before the price of an average home in the capital becomes affordable once again. Stock photo: Getty Images

That the prices of average homes are gradually falling in Dublin is certainly good news.

But even adjusted downwards over the past year, the average Dublin three-bed semi price of €428,500 is still running well over €100,000 more than the mortgage that a pair of above-average earners can qualify for.


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