THE AVERAGE AGE of first-time home buyers has increased to 34, according to new figures.

This average age has jumped from 29 in 2006, according to the Real Estate Alliance (a group that represents estate agents).

Under Central Bank rules introduced last year, borrowers are expected to have at least a 20% deposit saved for the value of the house they hope to buy.

For first-time buyers the rules are slightly more lax, with 10% of the first €220,000 required and 20% thereafter.

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Poll: Do you expect to buy your own home?

Poll Results:

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.