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Rising rents force young people to share, or live at home for longer

A new report indicates that if rents continue to rise young people will be more likely to share a...
Newstalk
Newstalk

06.54 30 Jul 2014


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Rising rents force young peopl...

Rising rents force young people to share, or live at home for longer

Newstalk
Newstalk

06.54 30 Jul 2014


Share this article


A new report indicates that if rents continue to rise young people will be more likely to share accommodation, or live with their parents for longer.

Research from the Economic and Social Research Institute (ESRI) shows that in the years since the downturn, falling rent levels meant people began moving out of home at an earlier age.

The institute has released figures from 2011 showing more people (2.3%) between the ages of 25 and 34 moved out that year than before the economic crash.

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However, increasing rents now will cause those seeking accommodation to consider buying - forcing them into a position where they might need to stay at home with their parents for longer before they can set up home. The other alternative is to share accommodation, the institute says.

David Byrne, research assistant with the ESRI, says the survey also shows that women tend to leave their parents' home earlier than men:



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