Huge number of leased social homes could slip back into private market

New data released by Minister for Housing Eoghan Murphy shows 54 per cent of the 8,430 homes would be owned by private owners at the end of the lease term

Killian Woods

Business reporter @killianwoods

8th March, 2020

Huge number of leased social homes could slip back into private market

Data has shown 8,430 homes are currently being leased on a long-term basis by local authorities for social housing at a cost of nearly €63 million

Thousands of social homes being leased by local authorities are at risk of lapsing back into the private market.

Last month, the Business Post revealed hundreds of social homes in fast-track developments were due to be leased by local authorities instead of being acquired. After those 15 to 30-year deals expire, the homes could be returned to the private market.

New data has shown 8,430 homes are currently being leased on a long-term basis...

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