THE MAJORITY of would-be buyers have their deposit saved, according to a new survey carried out by the property website myhome.ie.

The survey of 1,000 visitors to the site found just over 80 per cent of respondents had funds to pay for a deposit, of which 82 per cent was from savings. Just 5 per cent said that their parents were supplying the deposit, while a further 4 per cent said the deposit would be in the form of a bank loan.

Some 9 per cent of people surveyed said their deposit would be from “other” sources and 50 per cent of those surveyed said that they intended to buy a property within the next 12 months. First-time buyers make up more than 40 per cent of the “intend to buy” group.

Hits on myhome.ie increased significantly in the first three months of the year, according to chief operations officer Angela Keegan, who says that over half a million individuals per month complete property searches on the site. Sooner or later some of this has to translate into sales!