On Air Now

K Drive

3:00pm - 7:00pm

  • 045 901 490
  • 0833-979797

Now Playing

Queen

Radio Ga Ga

Over Half Of Under 35s Believe They Will Never Be Able To Buy A Home

Photo: Pixabay

It found 52% of under 35s believe they will never be able to afford a house

Most young people believe buying a home will not be possible.

PTSB research shows while the proportion of people who believe they will never be able to buy a home has fallen to just shy of 40%, the picture is different for younger generations.

It found 52% of under 35s believe they will never be able to afford a house, with a majority actively considering social housing or long-term renting.

61% of that younger cohort are considering social housing and 55% are looking at long-term renting as ways to secure a home.

Research from Daft.ie has found the average rent for a two-bedroom apartment nationwide is currently just over €2,200 euro per month and over €2,600 in Dublin.

There were just under 2,400 homes available to rent nationwide on 1 August, an increase of 5% on the same date a year earlier.

Availability in Dublin fell by almost 20% over the year, to fewer than 1,150 homes, while across the rest of the country it rose by 40%.

The number of properties to rent remains below pre-pandemic norms, when there were typically over 4,300 homes to rent at any one time.

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Mon

    Sunny intervals

    22°C

  • Tue

    Sunny intervals

    21°C

  • Wed

    Light rain

    22°C

  • Thu

    Light rain

    21°C

  • Fri

    Light rain

    20°C