Surging prices are forcing house hunters to get approval for larger mortgages.
First-time buyers are now getting the go-ahead from banks to borrow almost €15,000 more than a year ago.
House-price inflation means the average a first-time buyer couple have been getting approval for is €210,000, according to the banks.
Economists said new buyers were being pushed into borrowing more, as the numbers getting approval for a mortgage were higher than the numbers of houses being built.
A total of 3,970 mortgages were approved in July.
Read the full details in the Irish Independent
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