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Sharply increasing property prices a cause for concern- Cllr Chris Andrews

5 January, 2016

Speaking this morning Sinn Féin Councillor Chris Andrews responded to recently published figures from which showed the average house price rising nationally by 8.5 per cent.

Cllr Andrews said: 

“Even though house prices are coming from a low base, an 8.5 per cent jump in house prices nationally is quite a worrying statistic. The national figures are matched by a 2.7 per cent jump in Dublin 

“The rapid rise in house prices will only serve to price people out of the market. This, in conjunction with the sharp increase in rental prices, will also drive more people into homelessness. 

“Last year issued figures around the increase in the cost of renting which showed that rents rose faster in 2015 than at any time since the boom. In Dublin the increase in rents were 13.5 per cent higher than a year ago.   

“With property and rental costs increasing at an alarming rate in Dublin, and across the county, there is a serious possibility that even more people will become frozen out of the housing market; and as a result of the government’s complete lack of social housing builds and massive social housing waiting lists, many more people are at a serious risk of ending up homeless. 

“Sinn Féin’s recently published housing policy document highlights many areas where improvements need be made to the housing market in order for it to function better for the Irish people. Two main issues which Sinn Féin would address in government are increasing the number of social housing builds and providing rent certainty for those in the rental market. Such measures, along with the others outlined in our housing policy document would serve to decrease homelessness and create a more sustainable housing market. 

“Even on the eve of a general election this government does not have a solution to the worsening housing crisis in Ireland. The mistakes of the past are being repeated across the state, and the only way for these mistakes to be avoided and for the creation of a sustainable housing market is for the people of Ireland to elect a Sinn Féin government.”

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