Homeownership to decline for future cohort of retirees

The share of 25- to 34-year-olds living independently and owning their own home fell from 60% in 2004 to just 27% in 2019, the ESRI said. Picture: Denis Minihane

The coming decades are likely to see a significant decline in homeownership, with just two-thirds of those currently aged 35 to 44 years likely to own their home by the time they retire.

That compares to 90% of those currently aged 65 or over, who own their homes.