HOUSE-buyers in the capital will be worst hit by new Central Bank rules that will see prospective homeowners forced to save 20pc of the price to secure a mortgage.
Under the plans, first-time buyers will get some relief as they will be able to secure mortgages with just 10pc of the cost of the house for properties worth up to €220,000.
However, most family homes in the Dublin region cost considerably more than this sum, and first time buyers will require a 20pc deposit on the portion of a mortgage where the property price exceeds the €220,000 threshold.
The average asking price of a three-bedroom semi-detached house in Dublin at the end of 2014 was €329,000, according to a recent report by property website Daft.ie.
Average asking prices in the capital exceed €220,000 even in parts of the capital where prices are lowest - Dublin North (€261,000) and Dublin West (€230,000).
The new loan-to-value ratios being imposed by the Central Bank will make it more difficult to get home-loan approval for those in the greater Dublin area where property prices are far higher than in rural areas.
Meanwhile, the threshold is set even higher for those who are buying-to-let - they'll have to stump up 30pc.
At the moment, someone borrowing €300,000 can get a mortgage with a 10pc deposit, or €30,000.