Under 60% of people expect to own their home outright when they retire

Survey shows one in 10 people don’t ever want to own their own home

Only six in 10 people expect to have their mortgage paid and own their own home when they retire - and one in 10 Irish people don't have any interest in owning property. Picture: Larry Cummins

Only six in 10 people expect to have their mortgage paid and own their own home when they retire - and one in 10 Irish people don't have any interest in owning property, according to a survey of home ownership.

The study for insurance broker Gallaher found overall, only six in 10 (58%) of those surveyed expect to own their home outright by the time they retire. People in Munster are the most likely to believe they’ll own their home outright when they retire, with around seven in 10 (67%) holding this view. People living in Dublin are least likely to believe they’ll own their home outright in retirement - with just over half (52%) holding this view.