Minister Darragh O Brien welcomes cabinet approval of the Affordable Housing Bill 2021. This bill seeks to help first time buyers achieve home ownership.
The Explainer: How will the Government s Affordable Home Shared Equity Scheme work?
Generation Rent need a leg up onto the property ladder and the Government say they have the solution, but will it work? By Niall O Connor Wednesday 5 May 2021, 5:26 PM 3 hours ago 6,092 Views 13 Comments
Image: Shutterstock
Image: Shutterstock
THE AFFORDABLE HOUSING Bill is one of the Government’s flagship initiatives to solve the housing crisis for first time buyers.
One key element of the strategy is the Affordable Purchase Shared Equity Scheme. Details are scant at present but this is hoped to help people not alone get to the first step of the property ladder but to climb it.
A new report has found that Cork County experienced one of the highest rates of rental inflation across the entire country during the course of 2020.
Figures contained within the latest Daft.ie Rental Report showed that the average monthly rent in the county, as 2020 drew to a close, stood at €1,106 compared to €1,016 for the same period 12 -months earlier - representing a year-on-year increase of 8.9%.
The only other two counties in the country to see higher annual rental inflation rates were Kerry (9.9%) and Limerick (9.2%).
The report showed that rents in Cork County rose by 4.7% over the last quarter of 2020, with the final figure representing an 89.9% increase on their lowest point, or trough in 2011.