Increasingly, couples are opting to cohabit and share the financial burden of a mortgage, particularly in markets with steep property prices like Dublin. Statistics indicate a significant rise in unwed couples living together—17% from 2016 to 2022—outpacing the growth of married couples. This trend highlights the financial logic behind cohabitation as a means to escape high rental costs, though it can introduce complexities regarding financial ties in case of a breakup.
In Dublin, splitting a mortgage is financially appealing for cohabiting couples, especially given the high median asking prices of €461,000 as of 2023.
More couples are choosing to cohabit and share a mortgage rather than rent, as evidenced by a 17% increase in cohabitating couples from 2016-2022.
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