{"id":10975,"date":"2024-12-18T12:33:43","date_gmt":"2024-12-18T12:33:43","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/?p=10975"},"modified":"2024-12-18T12:33:43","modified_gmt":"2024-12-18T12:33:43","slug":"skyrocketing-property-prices-continue-to-lock-people-out-of-homeownership","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/skyrocketing-property-prices-continue-to-lock-people-out-of-homeownership\/","title":{"rendered":"Skyrocketing property prices continue to lock people out of homeownership"},"content":{"rendered":"<p>Skyrocketing property prices continue to be the main barrier to owning a home in Ireland, according to Social Democrats TD Cian O\u2019Callaghan.<\/p>\n<p>Deputy O\u2019Callaghan, who is the party\u2019s housing spokesperson, said:<\/p>\n<p>\u201cThe latest national Residential Property Price Index, published today by the Central Statistics Office (CSO), recorded a 9.7 per cent increase in the 12 months to October 2024.<\/p>\n<p>\u201cIn Dublin, prices rose by 10.4 per cent, while the increase was 9.2 per cent outside the capital.<\/p>\n<p>\u201cWith the median price of a home now standing at \u20ac350,000 \u2013 and even higher in Dublin \u2013 a generation continues to be locked out of homeownership.<\/p>\n<p>\u201cWhen the outgoing government took office in June 2020, the median price for a home in Ireland was \u20ac260,000. Since then, the price of a home has increased by a staggering \u20ac90,000.<\/p>\n<p>\u201cThis explains why there are over half a million adults stuck in their childhood bedrooms, and almost 15,000 people \u2013 including more than 4,600 children \u2013 living in emergency homeless accommodation.<\/p>\n<p>\u201cLack of supply and affordability lie at the heart of this crisis. The next government must ensure there is a radical reset of housing policy to make owning a home of your own more than just a pipedream.<\/p>\n<p>\u201cThis can only be done by treating the housing crisis as the national emergency that it is.\u201d<\/p>\n<p><em>December 18, 2024<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Skyrocketing property prices continue to be the main barrier to owning a home in Ireland, according to Social Democrats TD Cian O\u2019Callaghan. Deputy O\u2019Callaghan, who is the party\u2019s housing spokesperson, said: \u201cThe latest national Residential Property Price Index, published today by the Central Statistics Office (CSO), recorded a 9.7 per cent increase in the 12 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,10,7],"tags":[],"class_list":["post-10975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cian-ocallaghan","category-housing-crisis","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Skyrocketing property prices continue to lock people out of homeownership - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/skyrocketing-property-prices-continue-to-lock-people-out-of-homeownership\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Skyrocketing property prices continue to lock people out of homeownership - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Skyrocketing property prices continue to be the main barrier to owning a home in Ireland, according to Social Democrats TD Cian O\u2019Callaghan. Deputy O\u2019Callaghan, who is the party\u2019s housing spokesperson, said: \u201cThe latest national Residential Property Price Index, published today by the Central Statistics Office (CSO), recorded a 9.7 per cent increase in the 12 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.socialdemocrats.ie\/skyrocketing-property-prices-continue-to-lock-people-out-of-homeownership\/\" \/>\n<meta property=\"og:site_name\" content=\"Social Democrats\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/socialdemocratsireland\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-18T12:33:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2024\/10\/Social_Democrats_Housing_launch_42.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Officer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@SocDems\" \/>\n<meta name=\"twitter:site\" content=\"@SocDems\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Officer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/skyrocketing-property-prices-continue-to-lock-people-out-of-homeownership\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/skyrocketing-property-prices-continue-to-lock-people-out-of-homeownership\/\"},\"author\":{\"name\":\"Press Officer\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/#\/schema\/person\/70fcd60661593532616f9f91a0fb8db7\"},\"headline\":\"Skyrocketing property prices continue to lock people out of homeownership\",\"datePublished\":\"2024-12-18T12:33:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/skyrocketing-property-prices-continue-to-lock-people-out-of-homeownership\/\"},\"wordCount\":221,\"publisher\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/skyrocketing-property-prices-continue-to-lock-people-out-of-homeownership\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2024\/10\/Social_Democrats_Housing_launch_42.jpg\",\"articleSection\":[\"Cian O'Callaghan\",\"Housing Crisis\",\"Press Release\"],\"inLanguage\":\"ga-IE\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/skyrocketing-property-prices-continue-to-lock-people-out-of-homeownership\/\",\"url\":\"https:\/\/www.socialdemocrats.ie\/skyrocketing-property-prices-continue-to-lock-people-out-of-homeownership\/\",\"name\":\"Skyrocketing property prices continue to lock people out of homeownership - 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