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Taoiseach Micheál Martin has acknowledged that housing is the biggest challenge facing the country, and said that the Government is working to produce a policy to tackle the issue of cuckoo funds buying up estates.
Mr Martin said the Government fully recognised that the current generation of young people were the most disadvantaged of all such generations when it came to buying affordable homes.
âAnything we can do in terms of housing, we are going to do because itâs the No 1 crisis facing the people, young people in particular who are in search of a new home â thatâs something that worries me a lot,â he said.
Comment: We should double Services Sites Fund to drive down cost of affordable housing in Dublin The new shared equity scheme is meant to benefit first-time buyers but still places home ownership out of reach for many in our capital while rents also remain high 14th January, 2021
‘The actual average construction unit all-in cost for social or affordable homes for Dublin City Council for a scheme involving apartments and houses is just over €450,000.’ Picture: Rollingnews.ie
Delivering truly affordable homes to buy and rent in Dublin city is possible, but we need to double the state subsidy.
There has been a lot of criticism of the introduction of a shared equity scheme by Minister for Housing Darragh O’Brien. This criticism is grounded in the suggestion that the policy will increase the price of housing for ordinary purchasers while increasing profit margins for developers.