New research has revealed that it would take over two decades for Dublin-based home buyers to save a deposit for a house.

Chill Insurance’s new research reveals that the average home buyer in Dublin will need $87,277 (€76,975) to put down a deposit on a home. If Dublin based buyers put away 15% of their disposable income every month as suggested by Nationwide Building Society, it would take 22 years before they could afford this deposit.

Chill Insurance used's house price report to discover how much money a home buyer will require in order to put down a deposit in each Irish county. They also analyzed the average length of time it would take a buyer in each county to save this amount of money based on Nationwide’s guidance.

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At need $87,277 (€76,975), Dublin is the county where a deposit cost the most. However, Wicklow, 30 minutes south of Dublin, is where it takes the longest to save for a deposit based on the average income. It takes approximately 22 years and 2 months to save the $75,899 (€66,934) average deposit for a home in Wicklow.

The counties where it is cheapest to save for a deposit are Longford ($15,225 / €13,426) and Leitrim ($14,960 / €13,193). Home buyers will be able to afford a deposit in five years or less in these counties.

The Irish counties with the highest and lowest average cost for a deposit are:

Dublin - €76,975

Wicklow - €66,934

Kildare - €52,746

Meath - €51,939

Kilkenny - €44,129

Leitrim - €13,193

Longford - €13,426

Roscommon - €14,012

Sligo - €14,189

Donegal - €14,514

The counties where it would take the longest and shortest to save for a deposit are:

Wicklow (22 years, 2 months)

Dublin (22 years)

Meath (18 years, 10 months)

Kildare (16 years, 9 months)

Kilkenny (15 years, 4 months)

Leitrim (4 years, 8 months)

Longford (5 years)

Sligo (5 years)

Limerick (5 years, 5 months)

Roscommon (5 years, 8 months)

Chill Insurance is one of Ireland's leading brokers specializing in home and car insurance. Based in Dublin, Chill is an independent online 100% Irish owned insurance intermediary. For more information, please visit

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