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Obscene prices of apartments in Sandyford highlights chronic need for social housing - Sinn Féin

24 February, 2006

South Dublin Sinn Féin representative Shaun Tracey has described as "obscene" the price and the demand for apartments in the Sandyford area. Mr. Tracey was commenting today after it was revealed that more than 200 apartments were sold within 24 hours yesterday in a new development in Sandyford. One bedroom apartments on the site started at €330,000 and three bedroom duplexes were available at €625,000.

Mr. Tracey said, "The obscene amounts of money being spent on tiny apartments in the Sandyford area shows the lengths some people will go to, to buy property in Dublin. It also highlights the fact that many investors are mindful of the money to be made in the private rented sector. It is ironic that the Government can afford to finance some 60,000 mortgages for rich landlords through the rent supplement yet it cannot provide social housing for the near 44,000 families on the social housing waiting list.

"The demand for these apartments -- more than 200 sold in less than 24 hours -- once again highlights the chronic need for social housing to be provided in this Council Borough. Yet Dún Laoghaire -- Rathdown County Council continues to capitulate to the demands of developers instead of the needs of its citizens.

"There are currently 2,699 families on the social housing waiting list in DL/RD. With the thousands of houses and apartments that have been built across the borough in the last number of years serious inroads in to the Council's chronic housing waiting list could have been made if Part 5 of the planning act had been used properly." ENDS

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