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The housing market in Ireland has been a challenge for potential homeowners seeking to purchase their first home. There are several factors that impact first time buyers in the housing market in Ireland. One of the major challenges that first time buyers face is the limited housing supply in the market. This has been a challenge for many years and has led to a significant increase in house prices. This makes it tougher for first time buyers to purchase as they may not have enough funds to compete with other buyers. Many construction companies have been limited by funding issues and delays within the planning process for new projects. This leaves fewer new homes available in the market and it also drives up the cost of such homes.