Property down 1.2% in Q1 2008 - Daft report.

[Dreaded_Estate]

You have to base any salary multiple on household income , i think average household income is around 60k in Dublin. Banks view 40% of gross income in repayments as upper affordability limit.

I just don't think that 40% rule will last long term. It is far too high to cover the risks taken by the bank and i think it most countries it would be close to being classified as sub prime lending.

[Dreaded_Estate]

You have to base any salary multiple on household income , i think average household income is around 60k in Dublin. Banks view 40% of gross income in repayments as upper affordability limit.

I just don't think that 40% rule will last long term. It is far too high to cover the risks taken by the bank and i think it most countries it would be close to being classified as sub prime lending.

[MookieBaylock]

yeah 20pc has to be more accurate..

meaning that a guard and a nurse together with an after tax income of 50k should be able to get 200k max..