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Sinn Féin will continue to campaign over the housing crisis in Derry

12 September, 2007

Sinn Féin Housing spokesperson Foyle MLA Raymond McCartney speaking after the party held a protest over the housing crisis in Derry outside the Guildhall has said that Sinn Féin will continue to campaign for the housing crisis in Derry to be addressed.

Mr McCartney said:

"Sinn Féin will continue its proactive campaign for more affordable and social housing to be built in Derry to tackle the growing housing crisis .Today's protest is to ensure that this issue remains high on the agenda.

"Just today the Council of Mortgage Lenders (CML) has said first-time buyers are suffering an increasing squeeze on their incomes as they get on the property ladder. Its latest figures show that average first-timers are now borrowing well over 3 times their incomes, a new record. They are also using up 19.7% of their incomes to repay just the interest on their loans, the biggest proportion since 1991.

"We need to be proactive in our approach to affordable and social housing, we have to ensure that those most in need in our society have a roof over their heads, and those who wish to buy their home are able to do so at an affordable price, and we need to ensure that speculators are not in a position to freeze young first time buyers out of the market which is the norm at present." ENDS

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