Opposition to state’s €75m shared equity scheme grows
Estate agents and TDs point to the failure of a similar plan in Britain which forced prices up rather than benefiting buyers
Fresh pressure is mounting on the government’s proposed €75 million shared equity scheme, with a group representing 1,500 estate agents and auctioneers now claiming it will not make housing more affordable for buyers.
It comes as Sinn Féin plans to table a private members’ motion next week in a bid to scrap the scheme from the Affordable Housing Bill.
The proposed legislation is modelled on a similar scheme introduced in Britain...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
No independent valuation for €2k social housing rents
Dún Laoghaire-Rathdown County Council signed 25-year lease on 87 Dundrum apartments for use as social housing without seeking opinion other than developer’s on rent levels
Over 75% of new social homes are bought or leased from builders
Building of public housing by local authorities has dwindled to nearly non-existent levels in our biggest cities, official figures show
Eoin Ó Broin: When it comes to social homes, those costly old habits die hard
Turnkey developments, built by private developers and bought by the state, are the single most expensive way to provide social housing. So why are most of our social homes built in this way?
Developers reap healthy profits while claiming housebuilding is not lucrative
Astra Construction posted a thirteenfold increase in after-tax profits between 2018 and 2019, while Park Developments saw a €14.8m profit over 18 months