Sinn Féin - On Your Side

Government must get off backside and deal with housing price increase

1 July, 2004


Dublin Sinn Féin Councillor Daithí Doolan has questioned how second-hand house prices in Dublin have been allowed to rise by 8% in the first six months of this year, and has demanded that the Government "get up of its backside and start dealing with the housing crisis" in the capital city.

Mr Doolan said:

"Two reports are out today which will provide startling reading for anyone trying to purchase a home in Dublin at the moment. One, from Douglas Newman Good reveals that second-hand house prices rose by 8% in the first six months of this year. The other, from the Central Bank, shows us to be €80 billion in debt from mortgage lending.

"This crisis has been growing for years, and the government has completely and utterly failed to deal with it. Since July 2003, mortgage borrowing has risen by €1 billion a month. The average price of a second-hand home in Dublin is now €367,000. Who can afford that? How has this been allowed to happen?

"This government needs to get of its backside and starts dealing with the housing crisis in the capital city. For a start the first-time buyers' grant should be re-introduced. Then the government should tackle land speculators and rip-off property developers -- it shouldn't have to look to far too find them. Local authorities must receive increased and sustained funding to provide housing with a target of supplying suitable accommodation within two years for 70 per cent of applicants on the waiting lists. Compulsory Purchase Orders should be used, with the City Council receiving a cheque to avail of them. And it must also enshrine the right to housing in the Constitution.

"The Government is wringing its hands trying to figure out why it got battered in the recent elections. Well, this is just one of the reasons. For our part, Sinn Féin will continue to promote realistic and achievable solutions to the crisis."ENDS

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