Latest Breaking News On - மைக்கேல் ஸ்டான்லி - Page 11 : comparemela.com

  At a webinar event on housing last month, the chief executive of Cairn Homes, Michael Stanley, produced what he described as a “mind-blowing statistic”. It related to home ownership rates among 25 to 39-year-olds. Stanley noted that the percentage of this age cohort that owned their own homes had dropped from 22 per cent in 2011 to 16 per cent in 2016, according to the official census data, and that based on his company’s own research it was now about 12 per cent. He described the trend as “extraordinary and very worrying”. It was an interesting fault line for the boss of one of the largest homebuilders in the State to pick up on. Home ownership has collapsed among adults of a prime working age – a reflection of surging house prices and a lost decade of wage growth since the financial crisis. Owning a property has become increasingly concentrated among older age cohorts. In 2016, 85 per cent of 65-year-olds owned their own homes, while just 14 per c

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