The Irish Times view on Irish housing size: too many still stuck living at home

Work taking place at the Parklands estate on Fortunestown Lane, Citywest. Three and four-bed family units in Parklands have been launched as cost-rental homes. However, the reasons for the persistence of the trend are a little surprising in so far as the chronic shortage of housing that has prevailed over the past 10 years is not seen as the major factor.

The ESRI research highlights the problem of young adults being unable to leave home due to the shortage of suitable rental accommodation and starter homes. The wider negative consequences of this are well documented.Brendan O’Connor brings his contrary streak to a cosy conversation about immigrationFor a long time, Ireland sat pretty much in the middle of the pack when it came to households that included an adult child, according to the research, with rates hovering around 6 to 8 per cent.

The suspicion can only be that the number of young adults stuck at home has since increased further, even if the international comparability of some of the data in relation to this has been called into question. This week, figures from the Residential Tenancies Board showed an annual rise of over 9 per cent in the cost of new rentals and a big fall in the number of new tenancies on offer.

The challenge, as the ESRI pointed out, is not only to increase the supply of homes but to have the right homes in the right places, including smaller units suitable for single people, couples and older “downsizers”. The shape of the population is changing and housing policy needs to reflect this.

Source: Real Estate Daily Report (realestatedailyreport.net)

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