Dáil Éireann Debate, Thursday - 6 July 2006
270 Mr. Kenny asked the Minister for Finance the estimated value of housing stock at current market value in the country; if he can estimate the proportion of such properties owned by persons in excess of 50 years of age; and if he will make a statement on the matter. [27911/06]
Amharc ar fhreagraThere are no official figures available for the value of the entire housing stock. There is only limited data available on legal ownership of houses by age profile. The CSO has advised that a 2004 survey indicated that about two thirds of owner occupied houses are owned by persons over 50. This proportion does not include other houses owned by respondents such as holiday homes or houses bought to rent, and the survey does not cover vacant houses. Please note that in households where two people were responsible for the accommodation, the age of the eldest was used.
There are no data available on the profile of owners of rented dwellings or vacant or holiday homes. However common experience suggests that property ownership rises with age and that it tends to be higher in the older age groups.
