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First time buyers need affordable houses not increased debt – Ó Broin

12 September, 2016 - by Eoin Ó Broin TD

Sinn Féin spokesperson on Housing, Planning, Community and Local Government Eoin Ó Broin TD, has said that the government policy must focus on making homes affordable not increasing debt. The call was made as Government finalises its Help to Buy Scheme for first times buyers.

Deputy Ó Broin said:

“The announcement of Help to Buy schemes and the promise of a €10,000 tax repayment certainly grabs the headlines but the government’s focus should be on making the price of housing more affordable by reducing costs and increasing the supply of housing.

"Introducing rent certainty would also give tenants struggling with increasing rental costs some breathing space to save for a deposit if they wish to buy.

“So called Help to Buy schemes as being promised by the Government usually have the opposite effect, pushing up house prices and making it more difficult for people to get a home. They also often result in saddling young families with unsustainable levels of debt.

“If this government is serious about helping first time buyers it must do all it can to increase the supply of housing and to reduce the costs of building and buying. In tandem with this, it must consult widely with all stakeholders before devising the detail of any possible scheme to help potential first time homeowners.”

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