Sinn Féin - On Your Side

House prices still rising despite Government assertions to the contrary

27 January, 2004

Speaking following the publication by Permanent TSB and the ESRI of statistics on house price increases, Sinn Féin spokesperson on the Environment and Local Government Arthur Morgan T.D. stated that the publication of these figures confirm that Minister Noel Ahern is out of touch with the housing situation in this State.

Deputy Morgan said:

"House prices across the State grew by almost 14% last year. In some counties such as Monaghan, Roscommon and Mayo house prices grew by 20%. Since taking up the position of Minister of State with responsibility for Housing, Noel Ahern has claimed that house prices increases are coming to an end. This is clearly not the case and it is not good enough for the Government simply to ignore the growing affordability problems in this state.

"House prices continue to increase. First time buyers continue to be priced out of the housing market in growing numbers or forced into taking out exorbitantly high mortgages. If the Minister does not address this issue as a matter of priority he should not be allowed to continue in his current position. His failure to act is causing gross hardships for people throughout this State who are forced to continue living in unsuitable conditions and risk homelessness." ENDS

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