Buying a home in Ireland has never been easy, and for many, saving for a mortgage deposit remains one of the biggest hurdles to homeownership. With house prices continuing to rise and lending rules in place, securing the right deposit is essential for getting a mortgage approval.

So, how much do homebuyers actually need to save for a mortgage deposit in Ireland in 2025? Here’s everything you need to know.

How Much Is the Average Deposit in Ireland?

The required deposit depends on the type of buyer and property. In Ireland, mortgage rules set by the Central Bank determine how much you need to save before securing a home loan.

First-Time Buyers

Deposit Required: 10% of the property price
Example: If you’re buying a home worth €375,000, you’ll need a deposit of €37,500.
Current Market Trends:

• The average mortgage loan for first-time buyers is now €308,200.
• House prices continue to rise, meaning buyers must save for longer before applying for a mortgage.

More on mortgage lending rules: Central Bank of Ireland

Second-Time Buyers & Movers

Deposit Required: 10% of the property price
However, banks often have stricter lending conditions for those who already own a home, especially if they still have an existing mortgage.

Buy-to-Let Investors

Deposit Required: 30% of the property price
Example: If you’re purchasing a rental property worth €400,000, you’ll need €120,000 upfront.

Why the higher deposit?
Lenders see rental properties as higher risk, so they require a larger upfront investment to reduce financial exposure.

How Long Does It Take to Save for a Deposit?

On average, it takes Irish buyers about 4.6 years to save for a deposit.

⚠️ Factors That Affect Saving Time:

• Rising rents make it harder for people to save while paying high monthly housing costs.
• Inflation & cost of living increases impact the ability to put money aside.
• Bank lending rules mean first-time buyers cannot borrow more than 4x their gross salary (unless granted an exception).

Are There Any Government Supports for Buyers?

Yes! The Irish government offers several schemes to help first-time buyers get onto the property ladder faster.

Help-to-Buy Scheme
First-time buyers can claim up to €30,000 in tax relief to use toward their deposit.
More info: Revenue Help-to-Buy Scheme

First Home Scheme
A shared equity scheme where the government helps fund part of your home purchase.
More info: First Home Scheme

These schemes can significantly reduce the deposit burden for first-time buyers!

What’s Next for Mortgage Deposits in Ireland?

Experts predict mortgage deposits will remain high as property prices continue to increase in 2025. However, government supports and bank exceptions may offer some relief.

If you’re saving for a deposit, consider:
– Exploring Help-to-Buy & First Home Scheme options.
– Checking mortgage lending exemptions with banks.
– Setting up a savings plan to reach your deposit target faster.

Are you currently saving for a mortgage? How long is it taking you? Share your experience in the comments!

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