Seven out of 10 renters in Ireland don't believe they'll EVER be able to afford to buy a home 2 months ago

Seven out of 10 renters in Ireland don't believe they'll EVER be able to afford to buy a home

A staggeringly high number of renters also admitted to be worried about being able to afford their monthly rent.

The housing crisis in Ireland continues to be a daily worry for the majority of the population here, as the rising costs of both rent and purchases show no signs of slowing down.

The generation that has just entered, or is about to enter, the property market have been left with little hope of ever getting a foothold, especially if you live in parts of the country where house prices are most expensive.

Taxback.com asked around 2,000 renters around the country the two big questions that are likely to be swirling around the minds of every person currently attempting to rent or buy a property in Ireland.

First up, do they EVER believe they'll be able to purchase a home?

A shocking 71% said no, they don't believe that they'll ever own a home. 13% said they plan to own a home within the next five years, while 16% said that owning a home is possible, but on a longer term.

Next up, the renters were asked, with rent prices on the rise around the country, do they worry about being able to afford their monthly rent payments?

88% admitted to having those worries (64% saying "always", and 24% responding "sometimes"), with just 12% of renters around the country saying they don't worry about being able to pay their rent.

Mark Corcoran of Taxback.com said: "Renters are really struggling in Ireland, and most are caught in the vicious cycle of high rents - making it nigh on impossible to save for a deposit and therefore making a move from the costly rental market unattainable.

"The feedback we received on this survey paints a picture of a cohort of people who have very little choice, and who are worried and anxious about both their short and long term future - with questions like 'Will I be able to pay next months rent?' and 'Will I ever be able to own my own home?' weighing heavily on their mind."