More than a third of adults in Ireland do not expect to own a home outright by the time they retire, research from Royal London Ireland has found.
Around 35% of the 1,000 adults questioned for the life insurance and pension company’s nationwide survey, including 21% who expect to still be paying off their mortgage in retirement and 14% who simply said they will not own a home or have a mortgage on one at that stage.
Conversely, two thirds (65%) of adults in Ireland believe they will own their own home in retirement.
More women (23%) than men (18%) expect to still be paying off their mortgage into retirement, and those over 55 (88%) were most confident of their ability to own their own home by retirement compared to 52% of those aged 18-25, and 57% of people aged 25-34 and 35-44.
However, one in 10 (10%) of people aged 55+ expect to be …