A new report by daftmortgages.ie has found that first-time house buyers have 9% less spending power now compared to this time last year.

The typical mortgage seeker now has 15% less savings than this time last year and as a result buyers and home movers have reduced their expectations for the amount they will spend on a home.

For more on this we spoke to Paul Monahan, General Manager at Daft Mortgages