Ireland has one of the biggest gaps in home ownership between younger and older people in western Europe, a new report has found
“Particularly in the wake of the global financial crisis, housing demand has outstripped supply, with prices rising faster than incomes in both home ownership and rental markets. Furthermore, governments have typically played less of a role in the provision of social and affordable housing than in the past, instead relying on greater market-based provision,” it added.The report is based on Eurostat data from 2019 – the most recent year not impacted by the pandemic.
Irish people were less likely to be paying as much as 30 per cent of their income to cover housing costs compared to the other countries surveyed, with about 15 per cent of people here paying that much. That compared to a fifth of people elsewhere. “While elsewhere in Europe rising affordability pressures have been primarily concentrated amongst the lowest income rental households, in Ireland extensive rental supports have mitigated the effects for these households,” Dr Slaymaker said.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Double All-Ireland winner Wall set for possible Ireland 7s switch ahead of OlympicsA spokesperson from North Melbourne has said that Wall has been given an offer to play sevens rugby.
Leer más »
Irish exporters urged to prepare for UK’s new Brexit import controlsEarly engagement with imminent requirements will help avoid unnecessary costs and delays, says Minister of State
Leer más »
Irish companies warned to prepare for new Brexit checks on UK exportsBritish government is planning to introduce the controls at the end of October, with the move expected to cause delays and disruption
Leer más »
We go behind the scenes at Irish Rail's new customer experience team'Irish Rail underwent an operations restructure late last year and established the dedicated team but are also providing training to all 4,000 of the company's staff to help improve customer service.'
Leer más »
Ireland has one of lowest rates of home ownership for under 40s, ESRI saysNew report lays bare generational divide in Irish housing market
Leer más »
Ireland has become 'warmer and wetter' over the last 30 years | Her.ieIreland has become a much warmer and wetter country over the last 30 years, according to analysis from Met Eireann.
Leer más »