A lot of Irish people struggle to believe they will ever have enough money to buy their own home.
Nearly one in six people doubt they will ever own their own place, a recent survey found.
Out of 5,000 people surveyed, 9 percent of them agreed that purchasing a home was just one of the those things that they were unlikely to ever accomplish.
7 percent of respondents somewhat agreed that they might struggle to get a foothold in the market.
The survey carried out by AA Home Insurance found that there is a considerable generational gap in people’s outlooks on home ownership.
18 percent of under 35-years-olds strongly agreed that they are unlikely to be able to buy a home, and a further 16 percent party agreed with this.
The AA Director of Consumer Affairs Conor Faughnan stated:
“Housing has long been a concern for Irish people and for our government, but it does appear that people are becoming more sceptical of their ability to ever own their own home, with this being particularly true for younger generations.”
“In previous decades those approaching their mid-thirties would have been on the verge of entering the property market, but a lack of supply and rising costs is forcing this cohort to question if they will ever own a home or at the very least delay purchasing for several more years.”
Even though AA’s research proved a lot of under 35-year-olds are doubtful of their ability to buy a home, they did say that getting on the property ladder is a massive life goal.
A staggering 56 percent of them said it would be an important achievement in their life if they did manage to get on the property ladder.
