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Sky high house prices must be tackled - Crowe

29 September, 2006

Sinn Féin Housing spokesperson Seán Crowe TD has said sky high house prices in this state must be tackled. Deputy Crowe was speaking today after it was revealed that house prices are increasing at nearly twice the rate of wage increases.

He said, "Many young Dublin couples are already being forced out of their home neighbourhoods into so-called commuter towns as it becomes increasingly tougher to afford a home. Living in these towns means that having at least one car is an absolute necessity and childcare costs are unavoidable as they do not live near family who would traditionally have provided these services. And now house prices are increasing at nearly twice the rate of the cost of living. This is having a devastating affect on young people trying to build lives for themselves and their young families.

"The housing crisis in this state has not come about by accident. It is a direct result of the close and inappropriate relationship between Fianna Fáil and the property speculators and unscrupulous developers in this state. This super-weathy section of Irish society has been facilitated at every turn by their friends in the Fianna Fáil/PD Government. Many thousands of families are directly affected by spiralling house prices and the lack of social and affordable homes. This is a scandal that far exceeds the payments to Bertie Ahern currently in the spotlight.

"House price increases must be taken into account in future social partnership negotiations. However, house prices in this state must be tackled and the first step must be the reinstatement of the original Part V of the Planning and Development Act 2000 before it was watered down by this Government with a nod and a wink from their developer friends.

"The current situation where young couples are stretched beyond their means even though they are earning two wages cannot continue. Not everyone has high profile friends that can lend them the odd fifty grand without expecting to be paid back." ENDS

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