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78% of younger generation in Dublin want to move in the next two years

Written by Robert McHugh, on 8th Feb 2018. Posted in Property

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More than three-quarters of younger people living in Dublin want to move house in the next one to two years – with 70% of them saying that a back garden is the most important feature for their new home to have. This is according to research by new Irish property search portal PerfectProperty.ie.

Asked when they expected to move or look for their next property, a total of 78% of respondents aged between 25 and 45 said they wanted to move in the next two years – including 23% who want to move in the next 3-12 months and 4% who want to move in the next 1-3 months. Just 21% said they were not planning to move.

Of those questioned, 42% were home owners with a mortgage, 41% were renting and 14% owned their home outright.

The survey by new property search portal PerfectProperty.ie also found that price and location are the most important things people check online when reviewing a property – with 90% and 87% of respondents respectively marking them as key. The number of bedrooms was next at 64%. Just 8% thought the estate agent was a key factor.

Commenting on the research, PerfectProperty.ie Managing Director, Laura Pollard said, "Our research shows that the younger generation of buyers and renters in Dublin want to move but a housing shortage is preventing them from doing so. In many cases they are young families with children who simply want a garden."

She added, "Many of the families looking to buy are being priced out of places where they live so are looking at properties in unfamiliar neighbouring areas. Understanding the local amenities, particularly transport links and schools will be more important than ever for them, which is a key focus for the Perfect Property platform."

Source: www.businessworld.ie

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