Home ownership rates in Ireland are the lowest in 46 years
Home ownership rates in Ireland have hit their lowest levels in 46 years.
The rate dropped from 69.7 per cent to 67.6 per cent, the lowest it’s been since 1971.
The levels are lowest in urban areas, where just 59.2 per cent of homes are occupied by the person who owns them.
This would put the number of rental properties at over 40 per cent in our towns and cities. These figures come from the CSO’s Housing in Ireland report, published today.
The report was compiled from the results of last year’s census.
It also showed that the average weekly rent paid to private landlords in April 2016 was €199.92, up 16.8 per cent.
Unsurprisingly, Dublin was the highest growth area for rent.
Rents in the city increased by almost 30 per cent since the previous census in 2011.
Earlier this year, Daft.ie reported that the cost of renting in Dublin was up 8.7 per cent on the previous year.