Irish people are obsessed with property. At Ignite, we wanted to find out to what extent this was true especially with the recent commentary on the development of a long term renting culture in Ireland comparable to housing in mainland Europe.
80% of Irish people placed an importance on personally owning their own property with 54% claiming it is very important. With this level of importance given, Government policies will need to support new market entrants and committed hunters.
However, only 36% of those under the age of 35 years old claim it is very important for them to own their own property compared to 63% of those over the age of 35 year old.
This difference suggests there is a generational change of attitude towards renting instead of buying, that those under 35 are simply not thinking about purchasing yet, they are taking a realistic viewpoint or are influenced by the reality that there is a problem with housing stock in Greater Dublin.