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Report Shows Over Half Of Peop...

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Report Shows Over Half Of People Believe They Won't Own Home

98FM
98FM

07:29 3 Dec 2015


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A new housing report claims over half of Irish people have given up on the idea of ever owning their own home.

Fifty eight percent of people surveyed said long-term rental is now their reality.

But according to Co-operative Housing Ireland, people living in rented accommodation are facing an uncertain future amid rising costs and a housing shortage.

Rent now accounts for around 40 per cent of most people's income, while 70 per cent of those in the capital expect payments to go up in the next 18 months.

Co-operative Housing Ireland's CEO Kieron Brennan, says the system isn't ready for longer tenancies yet:


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