January 2, 2023
Government’s failed Housing policy ‘driving house price inflation’ – Eoin Ó Broin TD

Sinn Féin spokesperson on Housing, Eoin Ó Broin TD, has said that the Government’s failed housing policy is “driving house price inflation”.

The Dublin Mid-West TDs comments were made as ‘MyHome.ie’ released its Q4 house price report showing house prices rose by 6% last year.

Teachta Ó Broin said:

“The latest MyHome.ie house price report makes for depressing reading.

“House prices rose by 6% across the state last year. In nine counties the cost of a three bed property increased by double digits, with Roscommon seeing a 25% rise.

“Counties in the Midlands, West and Border Region saw increases ranging from 11% to 19%.

“Average house prices are now €330,000 state wide and €436,000 in Dublin.

“Average prices are now almost eight times average incomes, the highest level since the financial crash.

“The reason is very simple. The Government’s failed housing policy is driving house price inflation.

“Minister Darragh O’Brien will not have met any of his affordable housing targets in 2023 and the targets were too low in the first place.

“In many cases what is being delivered is far from affordable.

‘Meanwhile his controversial policies such as the Shared Equity Loan scheme are contributing to house price rises.

“Government needs to urgently revise their affordable housing plans. They must provide Local Authorities and Approved Housing Bodies with increased capital and more ambitious targets.

“They must also strip away the red tape that is slowing down the delivery of much needed affordable homes.

“Short of this, the Government’s housing crisis will continue to get worse in 2023.”

Follow us online

Latest Tweets

I am determined to build a brighter future for all our young people, where they have the support and opportunities to achieve whatever they set their minds to.

I was privileged to speak to a room full of kind and articulate young people who have been involved in mentoring and…

Kingsmill families are entitled to truth – @GerryKellyMLA http://vote.sinnfein.ie/kingsmill-families-are-entitled-to-truth-kelly/

Number of patients waiting on an appointment date grew by 7,000 in March - @davidcullinane

"Stephen Donnelly can publish as many plans as he wants, but without adequate funding to increase capacity they are just meaningless words on paper."

Sinn Féin welcome scrapping of disability Green Paper – @PaulineTullyTD and @Donnchadhol

"The government's Tory-like proposals were never a runner."

Load More