Significant drop in the number of people saving for mortgage deposit, poll shows

Significant drop in the number of people saving for mortgage deposit, poll shows

There has been a huge fall in the number of people saving for a housing deposit.

An opinion poll published today found the number of people saving for a mortgage deposit dropped from 22% in August last year to 10% now.

The Sunday Independent/Kantar consumer sentiment opinion poll of 967 adults was carried out between July 14 and 25 and looked into people's saving habits and views on issues such as the environment and housing.

There has been a 15% increase in the number of people who are saving out of a sense of caution, now at 62%, while 1 in 5 say they cannot save at all.

The poll found 6 in 10 people blame the banks for the current housing crisis while nearly half believe the market is destined for a collapse, similar to that led to the recession.

With regards to the environment, there is strong support for banning single-use plastics and phasing out diesel and petrol cars.

However, more than half of people feel the government's target of one million electric cars on the roads by 2030 is not realistic.

More on this topic

Plans lodged for over 1,400 homes in Dublin and WicklowPlans lodged for over 1,400 homes in Dublin and Wicklow

Appeals board overrules inspector to give go-ahead for 450 build-to-rent apartments In DublinAppeals board overrules inspector to give go-ahead for 450 build-to-rent apartments In Dublin

Over 100 families move into new 'factory built' houses in LouthOver 100 families move into new 'factory built' houses in Louth

As money runs out on 'deep retrofitting' grant, Housing Minister insists Govt plan still on trackAs money runs out on 'deep retrofitting' grant, Housing Minister insists Govt plan still on track

More in this Section

Anonymising abuse records expensive, archives council toldAnonymising abuse records expensive, archives council told

Restructure will see 1,800 more gardaí on frontlineRestructure will see 1,800 more gardaí on frontline

Q&A: What you need to know as the Government decide to publish report on Public Services CardQ&A: What you need to know as the Government decide to publish report on Public Services Card

‘Continuity IRA’ bombing a ‘deliberate attempt to kill police’‘Continuity IRA’ bombing a ‘deliberate attempt to kill police’


Lifestyle

RP O’Donnell says it is hard to find anywhere better than Boston to show your family a great time as he returns to a city he used to call homeA family friendly holiday guide to get the best out of beautiful Boston

More From The Irish Examiner