Sinn Féin - On Your Side

Government must support those facing negative equity – Ó Snodaigh

7 February, 2008


Sinn Féin Housing Spokesperson Aengus Ó Snodaigh TD has called on the Minister for State with responsibility for housing to set in place innovative solutions to support people facing negative equity. Speaking in the Dáil today Deputy Ó Snodaigh said falling house prices are putting more and more people at risk of negative equity and repossessions are on the increase.

The Dublin TD said, "Falling house prices are putting more and more people at risk of negative equity and the likelihood is that house prices will continue to fall.

"With repossessions on the increase the Minister for State with responsibility for Housing needs to set in place innovative solutions to support those facing negative equity particularly young families and those on low and average incomes." ENDS

Connect with Sinn Féin