Rise in house prices highlights urgent need for state delivery of affordable homes says Northside TD

Sinn Féin TD for Dublin Bay North Denise Mitchell has commented on the publication of the Daft.ie House Price Report for quarter 3 of this year.

The report shows a €24,000 annual rise in house prices.

“The latest House Price Report from Daft.ie shows further unsustainable house price increases across the state,” Teachta Mitchell said.

“House prices are now 9% higher than this time last year. In Dublin City prices are up another 5%.

“Across the state the average cost of buying a home has increased by has increased by €24,000. Unsustainable house price inflation is now a feature of the housing market across the state. For those hoping to escape extortionate Dublin prices, the market is now ahead of them.

“The only way to tackle rising house prices is for the state to ramp up delivery of non-market affordable homes. This way the price can be controlled, and ordinary working people will be able to secure mortgages to buy a home.

“There is just over two weeks until Budget 2022 will be announced. The government must take this opportunity to commit to at least a doubling of capital investment in public housing. The affordable housing targets must be substantially ramped up.

“This is what Sinn Féin in government would do. We cannot continue to rely on the market alone to supply most of our housing. This dysfunctional housing system can only be fixed by government with the political will to make the changes required.”