Right-sizing – a smarter solution to Ireland’s housing crisis? - Kilkenny Live

In the ongoing conversation about Ireland’s housing crisis, much of the focus is rightly placed on first-time buyers and the acute shortage of affordable homes. But there is a quieter, often overlooked part of the solution sitting in plain sight: right-sizing.

Right-sizing typically refers to older people, often empty nesters or those living alone, who find themselves in homes that no longer suit their current needs.

These properties, once bustling family homes, now have spare bedrooms, high maintenance costs, and sometimes, a growing sense of isolation for the occupants. The idea behind right-sizing is not downsizing in a reductive sense, but it’s more about matching our living space to our current lifestyle, health, and social needs.

Globally, there are inspiring models. Sweden’s lagom philosophy, meaning ‘just the right amount’, and Japan’s hodo-hodo, or ‘just enough’. These concepts embrace the balance of simplicity, community, and purpose and have informed housing solutions that are modest, well-designed, and deeply human in their approach.

Closer to home, we already have proof of concept. St Mary’s Court in Gowran, Kilkenny, is an example of right-sizing in action.

This development comprises 10 one- and two-bedroom homes designed specifically for older adults. Residents live independently but with vital supports: a daily hot meal (six days a week), laundry services, waste disposal, social activities, and a strong sense of community. The location, central to a vibrant village with essential services—offers the best of both worlds: independence and support.
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Models like Gowran aren’t just about serving the individual; they are also about the bigger picture, wider society. By providing well-thought-out housing options for older people, larger homes are freed up for families who need them.

Crucially, right-sizing should never be rushed. These are deeply personal decisions involving financial planning, inheritance considerations, and the need for sensitive family conversations. It’s vital that those considering it speak with a pension or financial professional who understands the landscape and can guide them through every step of the process. Good advice can make all the difference.

We need to talk about what works. The Department of Housing must look seriously at community-based right-sizing as a national policy lever. If we invest in more schemes like St Mary’s Court, particularly in rural Ireland where older people are often more isolated, we address multiple social and economic issues in one stroke.
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We shouldn’t be afraid to try out solutions. Let’s be practical. And most importantly, let’s support older generations with dignity while easing pressure on a housing system that is crying out for fresh thinking.

Gerry Farrell is a financial advisor at Castle View Financial Services and is a regular voice on KCLR where he answers listener questions on personal finance. To get in touch, email: Gerry@cvfs.ie