A new report by KBC Bank has revealed that couples need to be earning nearly €100,000 in order to buy a house in Dublin.
The findings show that couples need a combined salary of €98,000 while also revealing that the price of a house in the capital for first time buyers has almost doubled in seven years.
In 2012, the average price was €200,000 but the report now says it skyrocketed to a staggering €380,000 last year.
Business journalist Gavin McLoughlin said that the current situation is making it very hard for first timers to buy a home in the capital.
He said: "Now it helps, obviously, if you're buying with your partner, if there are two of you who can contribute to that necessary income.
"Probably the hardest part of it is putting the deposit together, the €38,000 deposit, and certainly that has been my experience as somebody who has been looking to buy.
"It's very hard to save when you have rent, you have creche fees, so affordability is a big, big issue."
