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Tenants to outnumber homeowners in Northern Ireland

By Staff Reporter

Published 23/07/2015

Dr Esmond Birnie said that levels of house ownership in Northern Ireland were falling rapidly
Dr Esmond Birnie said that levels of house ownership in Northern Ireland were falling rapidly

People in private rented accommodation in Northern Ireland may outnumber owner-occupiers by 2025, according to research.

Across the UK, household owner-occupation is projected to fall from a peak of nearly 70% before the financial crisis to around 60% of households by 2025, according to the PwC UK economic outlook.

Dr Esmond Birnie said Northern Ireland was heading in the same direction: "In Northern Ireland the percentage of the total housing stock held by owner-occupiers declined from 67% in 2001 to 66.5% in 2006 and then 61.7% in 2011... In that sense therefore, levels of house ownership Northern Ireland are falling rapidly and are now close to the forecast average UK level expected by 2025."

To find the latest rental properties available visit propertynews.com

 

Belfast Telegraph

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