Rising house prices are forcing first-time buyers to borrow more to afford a home.
There was an increase in the number of first-time buyers approved for a mortgage in January despite a fall in the overall home-lending market.
The average first-time buyer mortgage approval value has also risen by €14,519 in the past year to €289,971 as housing prices continue to rise, the Banking and Payments Federation Ireland (BPFI) said.
The median price of a dwelling purchased in the 12 months to last December was €327,500, separate Central Statistics Office (CSO) figures show.
Read the full details in the Irish Independent
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