Wednesday 28 September 2016

Ireland needs to get over the idea of buying and owning your own home - PayPal's Phelan

Published 16/06/2016 | 15:02

Louise Phelan, PayPal
Louise Phelan, PayPal

IRELAND Inc needs to get over the idea of buying and owning a home, PayPal executive Louise Phelan said today.

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At a time when when the housing crisis and access to credit for home-buying is a key talking point and a priority for government, Ms Phelan said that concentrating on making convenient accommodation available to people is more important. 

"Ireland Inc needs to get over" the idea," she said.

Read more: Housing crisis calls for joined-up policymaking

She added it should also be about making it convenient for people to get to and from work.

Read more: House price growth in the capital has 'rebounded'

She was speaking at the latest Dublin Chamber of Commerce Dublin 2050 breakfast event which is examining how Dublin will look in 34 years’ time.

Ms Phelan is VP of global operations EMEA, online payments giant PayPal.

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