Sunday 21 October 2018

Our national love affair with home ownership endures - but changes are needed

The Central Bank has tried to help first-time buyers by removing some of the hurdles to home ownership (Stock picture)
The Central Bank has tried to help first-time buyers by removing some of the hurdles to home ownership (Stock picture)
Martina Devlin

Martina Devlin

Our romance with property was over, we were told - the maelstrom of the financial collapse would transform the next generation into renters.

Predictions were advanced with confidence - as predictions tend to be - that Irish people's emotional and cultural hardwiring about home ownership would undergo a shift.

But as the recovery continues, the signs are that our affair with property remains an enduring love. Whether it's a healthy one is another matter. Be that as it may, the generation below the singed Celtic tiger cubs is just as keen to climb on to the property ladder, despite witnessing the scorching experienced by their predecessors.

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