Tuesday 17 October 2017

A 'Rent to Buy' scheme could be a happy halfway house and give families security

Renters now account for more than 20pc of the population, and this is increasing as more are priced out of the property market amidst the worst shortage of stock in a generation. (Stock photo)
Renters now account for more than 20pc of the population, and this is increasing as more are priced out of the property market amidst the worst shortage of stock in a generation. (Stock photo)
Mark Keenan

Mark Keenan

We already have a Help to Buy scheme in operation, but the ever-increasing numbers of those in rental accommodation indicate that it hasn't been enough to help people who still can't get on to that vital first rung of the property ladder.

The results of the Irish Independent/REA Dublin Rental Survey show that almost all (95pc) of our increasing population of renters want out of rental accommodation for various reasons.

While Irish people have always leaned in preference towards ownership, the survey highlights that renters also have real concerns about security. The story might be different were renting cheaper - but none of this is the case.

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