93% of people think Government should do more to tackle the housing crisis, survey finds

93% of people think Government should do more to tackle the housing crisis, survey finds

93% of people believe the Government should be doing more to tackle the housing crisis, according to a new survey.

The MyHome.ie Consumer Sentiment Survey released today shows that people want to see the construction of more social and affordable homes.

It also found more than 60% expect house prices to rise by 5% or more in the next 12 months.

According to the survey, 42% expect prices will rise by up to 5%, 18% believe they will rise by between 5 and 10% while 4% expect them to rise by over 10%.

However, the survey of 1,700 people also found that a significant 20% believe they will remain unchanged while 15% expect them to fall.

40% of those surveyed said they expected to buy a new home in the next 12 months, with 34% saying they were undecided and 26% saying they had no plans to buy.

Angela Keegan, Managing Director of MyHome.ie. said the findings reflected widespread dissatisfaction with the Government’s handling of the housing crisis.

“Given that the Taoiseach has already said the Government would be judged on how it deals with the housing crisis, the fact that the overwhelming majority of people believe they should be doing more, will no doubt be a concern," she said.

According to the survey 31% of First Time Buyers were aged between 25 and 30 while 29% were in the 31 to 35 age group with a further 16% in the 36 to 40 cohort.

"It was also interesting to see that while awareness of the ‘Help to Buy’ scheme was quite high amongst first time buyers at 72%, the awareness of other schemes such as Rebuilding Ireland Home Loans and Mortgage Allowance Scheme was much lower at 12%, while awareness of the Shared Ownership Scheme was lower again at 4%.”

Ms Keegan said the rising age profile of the group had been a recurring feature of surveys in recent years due in the main to the shortage of affordable housing.

72% of First Time Buyers said the biggest challenge they faced was finding the right property, while 17% said it was meeting the required deposit for a new home.

"While two thirds of FTBs were renting, a third were still living at home and that has also been a feature of family life over the past decade as younger buyers live at home longer in order to save for a deposit," she said.

More on this topic

Landlord reps slam proposals to improve energy ratings in rented propertyLandlord reps slam proposals to improve energy ratings in rented property

60% of Dublin's social housing tenants behind on rent; FG Cllr says tenants not paying their way should be evicted60% of Dublin's social housing tenants behind on rent; FG Cllr says tenants not paying their way should be evicted

Fianna Fáil TD would back motion of no-confidence in GovernmentFianna Fáil TD would back motion of no-confidence in Government

First-time buyers leaving capital for Dublin's commuter beltFirst-time buyers leaving capital for Dublin's commuter belt


More in this Section

Barnardos: Over 500 families waiting for our helpBarnardos: Over 500 families waiting for our help

Two men charged in relation to loaded firearm seizureTwo men charged in relation to loaded firearm seizure

CervicalCheck refuses to show staff turnoverCervicalCheck refuses to show staff turnover

Eight migrants found on ship in Waterford deported from IrelandEight migrants found on ship in Waterford deported from Ireland


Lifestyle

Architect and artist Harry Wallace tells Eve Kelliher how his style has evolved.How a lifetime as an architect has inspired Cork artist Harry Wallace

Don’t let present stress ruin your run-up to Christmas. Pat Fitzpatrick has done all the hard work with this tongue-in-cheek gift guide for every budget, so you can tick everyone off your list and get down to enjoying yourself for the festive season.Gift stressbuster: We sort out who gets what and why

It’s not what you have that makes you happy, it’s what you do. And what better time to be proactive than during the season of goodwill, says Margaret Jennings.Joy to the world: Strategies to increase your happiness during the season of goodwill

For a magical mantelpiece makeover the natural way, foliage and garlands add showstopping sparkle to the scene, says Hannah Stephenson.Bring Christmas cheer indoors: Foliage and garlands add showstopping sparkle

More From The Irish Examiner