Second-Home Owners: Escaping, Investing or Retiring?

This article employs the 2006 EU Survey on Income and Living Conditions to examine the characteristics of second-home owners in the Republic of Ireland. Its purpose is to explore the relevance to the Irish case of the three key demand-side drivers of second-home ownership which are most prominent in...

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Bibliographic Details
Published in:Tourism geographies 2010-11, Vol.12 (4), p.546-567
Main Authors: Norris, Michelle, Winston, Nessa
Format: Article
Language:English
Subjects:
Besitzer von zweiten Eigenheimen
Credit
Demand
Home ownership
Housing
Investment
Ireland
Irland
Life styles
Lifestyles
logements
Maisons secondaires
Ownership
propriétaires de maisons secondaires
Republic of Ireland
Retirement
République irlandaise
Second homes
second-home owners
Tourism
Wealth
Wohnungswesen
Zweitwohnungen
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Summary:This article employs the 2006 EU Survey on Income and Living Conditions to examine the characteristics of second-home owners in the Republic of Ireland. Its purpose is to explore the relevance to the Irish case of the three key demand-side drivers of second-home ownership which are most prominent in this literature. These are: compensation - the view that households purchase second homes in order to compensate for deficiencies in their primary residence; life cycle - which links second-home ownership to retirement or future retirement plans; and affluence - which links second home purchase to wealth, the availability of mortgage credit and investment concerns. It finds that the recent growth in second-home ownership has been driven primarily by affluence and that compensation and lifestyle are less relevant drivers in the Irish case.
ISSN:1461-6688
1470-1340
DOI:10.1080/14616688.2010.516401