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Opinion: The Affordable Housing Bill will line developers pockets while young couples can t buy a home
The Government must stop pursuing policies which inflate the property market and think again about the Affordable Housing Bill, writes Cian O’Callaghan of the Social Democrats. By Cian O Callaghan Tuesday 26 Jan 2021, 7:00 PM Jan 26th 2021, 7:00 PM 23,608 Views 28 Comments Cian O Callaghan Social Democrats TD Dublin Bay North
THE REAL COSTS of New Apartment Delivery 2020, published today by the Society of Chartered Surveyors Ireland, highlights that unaffordable housing prices remain the key obstacle for many people who would like to own their own home.
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It found that the viability of the type of apartment has improved significantly over the same period.
However, the report also found that affordability remains a critical issue and that a first-time buying couple would require a deposit of 38,000 euro, and a joint income of 98,000 euro to purchase the lowest price apartment type.
The Real Costs of New Apartment Delivery 2020 was published by the Society of Chartered Surveyors Ireland (SCSI).
It found that the all-in cost of delivering medium-rise two-bedroom apartments in the Greater Dublin Area ranged from 411,000 euro for a low-spec unit in the suburbs, to 619,000 euro for a high-spec one in the city.