State report says most older homeowners unwilling to downsize

More than two-thirds of the Irish population, 69.6 per cent, live in homes that were deemed ‘under-occupied’ in 2019

13th December, 2020
State report says most older homeowners unwilling to downsize
A report recently published by the Department of Housing and Department of Finance revealed an unwillingness among mature homeowners to downsize.

The vast majority of older homeowners in Ireland are unwilling to downsize, undercutting state plans to free up hundreds of thousands of largely empty homes for younger, larger households.

Data compiled by the state has estimated that more than 600,000 households are mature homeowners. Incentivising such owners to downsize to smaller properties has been put forward by the state as a key way to free up accommodation.

A report published by Eurostat last week showed that...

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