Central Statistics Office (CSO) figures have shown that the average age of house buyers is on the rise.
On Monday, the CSO published data on the characteristics of Residential Property Purchasers in every Local Electoral area (LEA) in the country, based on 2019 figures. The median national average age has risen significantly from 34 in 2010 to 42 in 2019 for sole applicants and from 35 to 38 for joint homebuyers.
Properties being purchased jointly or by two people now account for almost two-thirds of transactions. Figures showed that over 62% out of 45,280 properties sold in 2019 were bought by joint purchasers. This was up from 47% in 2010.
