How affordable is housing in Ireland?

Mortgage repayments as a % of net income when buying average priced house*

*Example is based on interest rate of 3.15% for 2021; 25 year mortgage. It is assumed that the FTB couple, other than in Dublin, takes out a mortgage equivalent to 95% of the house price and this is still below the 3.5 times Loan to Income ratio.
Source: CSO. Analysis by EY-DKM Economic Advisory