Department of Housing officials warned shared equity scheme would hike up house prices

The comments, contained in internal documents, are likely to increase the pressure on Darragh O'Brien, the Housing Minister

27th June, 2021
Department of Housing officials warned shared equity scheme would hike up house prices
Darragh O’Brien is currently bringing forward a shared equity scheme in the new Affordable Housing Bill. Picture: Fergal Phillips

Internal documents have revealed that Department of Housing officials warned that a shared equity housing scheme would lead to “inflated house prices”, and would ultimately amount to an “incentive” for developers and “not the purchasers”.

A litany of previously unpublished concerns expressed by his own department are likely to add to pressure on Darragh O'Brien, the Housing Minister, who is currently bringing forward a shared equity scheme in the...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

New home completions return to pre-pandemic levels

Mica redress talks in jeopardy after state does not back 100% compensation

Housing: The SHD planning system is set to be scrapped, but how will its replacement work?

HAP supports have ‘steepened’ the cost of renting in Ireland

Housing Killian Woods 4 days ago