Sinn Féin housing spokesperson Eoin Ó Broin TD has said ‘the latest CSO property price index recorded house price rises of 9.6% state wide and 10.3% in Dublin, show the need for Sinn Féin’s affordable housing plan’.
Teachta Ó Broin said:
“The latest CSO property price index shows house prices continuing to spiral out of control. In July house prices state wide had increase by 9.6% over the previous 12 months. In Dublin the increase was 10.3%.
“Significantly, the rate of increase for second hand homes was higher than new homes. This is being driven by buyers, unable to afford new homes, being pushed into the second-hand market, increasingly in locations away from where they work and currently live.
“These latest price hikes show the need for Sinn Féin’s affordable housing plan. We have set out how through increased state investment in Local Authorities and Approved Housing Bodies we could deliver 50,000 affordable homes for working people, 25,000 of which would be for sale at prices from €250,000.
“We have also set out a better way to activate the private residential development sector to deliver more good quality homes for people to buy, including first time buyers, at lower prices.
“Sinn Féin is the only party that has published a five-year plan up to 2029 which puts genuinely affordable homes at its heart. A plan that will bring home ownership back into reach of working people.”
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