Information on mortgages issued in 2016

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Key statistics from nationwide survey of mortgages issued in 2016.

Average first time buyer mortgage was €185,000 with the average deposit €50,000

Average income for first time purchases was €67,000

Average mortgage term 34 years

Average loan to value 78%.

Average multiple of gross income was 2.7 times

Second tome buyers average loan €217,000 and average income €106,000