Housing Minister admits homes for €600,000 are ‘not affordable’
Tuesday, July 27, 2021
Digital Desk Staff
Housing Minister, Darragh O’Brien, has said that any home for sale for €600,000 is “not affordable”.
As the Irish Examiner reports, fears have been raised that homes at the Poolbeg Strategic Development Zones (SDZ) in Dublin could see prices that high with no deal yet signed with the consortium that is building the “Pembroke Quarter.”
SDZs are lands proposed to contain developments of economic or social importance to the State, and are enabled for fast track delivery of new residential and non-residential development.
The consortium Ronan Group Real Estate, Oaktree Capital Management, Lioncor Developments, and the National Asset Management Agency (NAMA) is set to provide a total of 1,000 social and affordable homes at the Irish Glass Bottle site.
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