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First-time buyers in Ireland paying multiples more for mortgage than European average

First-time buyers here are paying multiples more for a mortgage every year than the European average.

The high rates are combining with a scarcity of properties to buy to price more new buyers out of the market, experts said.

New figures show that a typical new buyer is paying almost €157 more for their mortgage each month compared with the average in the Eurozone.

The latest figures from the Central Bank show that this country continues to top the league for the highest rates.

Read the full details in the Irish Independent

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