Eamon Gilmore (Dún Laoghaire, Labour)

The affordability index by EBS Building Society and DKM economic consultants indicates that the first-time buyer couple nationally spends €1,300 per month on a mortgage and a first-time buyer in Dublin spends €1,700 per month on a mortgage, that is €325 per week nationally and €425 per week in Dublin. Does the Minister of State consider that is affordable or does he agree with the assessment made by the economist from DKM consultants who said we are now approaching the peak of affordability and that the current level of house price rises is not sustainable?

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