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Advertiser.ie - Will the housing crisis prove the undoing of this Government?

Advertiser.ie - Will the housing crisis prove the undoing of this Government?
advertiser.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advertiser.ie Daily Mail and Mail on Sunday newspapers.

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Affordable housing plan imposes regional price caps, with €500,000 limit on Dublin flat

However, the caps were immediately attacked by the Opposition as making the houses anything but affordable.
âThe Government is living on another planet if it thinks â¬450,000 for a home in Dublin â and â¬400,000 in Cork and Galway â is affordable. It simply is not,â said Cian OâCallaghan of the Social Democrats.
Cost-rental scheme
The Bill also includes proposals for a cost-rental scheme and a requirement that all new housing developments include 10 per cent affordable housing in addition to 10 per cent social housing.
Every provision in the Bill has been fiercely contested, particularly its provisions for shared equity. Opposition parties have claimed it will push up the prices of new houses. ....

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Shared equity scheme will drive up house prices, says Opposition

Shared equity scheme will drive up house prices, says Opposition
Houses subject to price cap of €500k in Dublin City and €450k in Dún Laoghaire
about 4 hours ago
Harry McGee Political Correspondent Listen now 5:15
First-time buyers can also avail of the existing Help-to-Buy Scheme which gives tax relief up to 10 per cent of the property’s value (to a maximum of €30,000)
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The Government’s new shared equity scheme for affordable housing proposes a price cap of €500,000 on apartments, and €450,000 on houses, in Dublin City and Dún Laoghaire. ....

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Government and Bank policies boost Persimmon as it enters 2021

Government and Bank policies boost Persimmon as it enters 2021
August Graham, PA City Reporter
3 March 2021, 8:16 am
Persimmon has kicked off 2021 on a better footing than last year as Government and Bank of England policies helped boost the housebuilder.
The business, which revealed that pre-tax profits were down by a quarter to £783.8 million in 2020, said its average private weekly sales rates so far are 7% above last year’s levels.
Meanwhile, forward sales are at £2.3 billion, up 15% year on year, due to low interest rates, the availability of mortgages and Government support.
The Bank of England’s base rate was slashed to a record-low 0.1% last year in response to the pandemic. ....

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Government's Help To Buy scheme aided people 'who had large deposits and were able to buy anyway'

Government s Help To Buy scheme aided people who had large deposits and were able to buy anyway
A review of the Help to Buy scheme data suggests that many households with large deposits have received support, the Esri will say
The ESRI says Ireland needs 35,000 new homes a year but fewer than 20,000 are expected to be built this year. Picture: Joe Giddens/PA Wire
Mon, 15 Feb, 2021 - 20:30
Daniel McConnell, Political Editor
The Government’s Help To Buy scheme funded people who already had large deposits and would have been able to buy their homes anyway, TDs will be told tomorrow. ....

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