{"id":1732,"date":"2021-11-25T13:27:28","date_gmt":"2021-11-25T13:27:28","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market\/"},"modified":"2021-11-25T13:27:28","modified_gmt":"2021-11-25T13:27:28","slug":"shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market\/","title":{"rendered":"Shared Equity Scheme Will Add Fuel To Fire Of Red Hot Property Market"},"content":{"rendered":"<p><em><strong>The shared equity scheme will throw further fuel on the fire of an overheated market<\/strong><\/em><\/p>\n<p>The Central Bank\u2019s warning that the Shared Equity Scheme will push up house prices is a shot across the government\u2019s bow, according to Social Democrats Housing Spokesperson Cian O\u2019Callaghan.<\/p>\n<p>\u201cThe Central Bank report today was crystal clear. It said that, given the supply crisis in the housing market, the shared-equity scheme \u201chas the potential to increase pricing pressures\u201d.<\/p>\n<p>\u201cThis warning is a shot across the government\u2019s bow \u2013 and they would be foolish to ignore it. The property market is already red hot, with house prices having grown by more than 12pc in the past year alone. The shared equity scheme will throw further fuel on the fire of an overheated market.<\/p>\n<p>\u201cThe Central Bank also note there are other factors, aside from the shared equity scheme, which could lead to property price inflation. It states that higher construction costs are &#8220;likely to feed through to house price inflation\u201d. Given this existing risk, why is the government determined to add another inflationary pressure into the mix?<\/p>\n<p>\u201cThe Central Bank is not the first expert body to have raised serious concerns about the shared equity scheme. Previously, the ESRI, the Housing Agency and even officials in the Department of Finance and the Housing Department have all issued similar warnings.<\/p>\n<p>\u201cThe question now is, why is the government determined to ignore the expert advice and plough ahead, regardless? Young people and workers are already locked out of the housing market because of an affordability crisis. We need to make housing more affordable &#8211; not more expensive.&#8221;<\/p>\n<p>\u201cThe shared equity scheme will only exacerbate an already dire situation.\u201d<\/p>\n<p>25 November, 2021<\/p>\n<p>Ends<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shared equity scheme will throw further fuel on the fire of an overheated market The Central Bank\u2019s warning that the Shared Equity Scheme will push up house prices is a shot across the government\u2019s bow, according to Social Democrats Housing Spokesperson Cian O\u2019Callaghan. \u201cThe Central Bank report today was crystal clear. It said that, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,10,7],"tags":[],"class_list":["post-1732","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 v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shared Equity Scheme Will Add Fuel To Fire Of Red Hot Property Market - 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\/shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shared Equity Scheme Will Add Fuel To Fire Of Red Hot Property Market - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"The shared equity scheme will throw further fuel on the fire of an overheated market The Central Bank\u2019s warning that the Shared Equity Scheme will push up house prices is a shot across the government\u2019s bow, according to Social Democrats Housing Spokesperson Cian O\u2019Callaghan. \u201cThe Central Bank report today was crystal clear. It said that, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.socialdemocrats.ie\/shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market\/\" \/>\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=\"2021-11-25T13:27:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/4475-366-scaled-1.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=\"ZOO Admin\" \/>\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=\"ZOO Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.socialdemocrats.ie\\\/shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.socialdemocrats.ie\\\/shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market\\\/\"},\"author\":{\"name\":\"ZOO Admin\",\"@id\":\"https:\\\/\\\/www.socialdemocrats.ie\\\/#\\\/schema\\\/person\\\/4aa25e1b0ecfe5e51a2ceab9a9006960\"},\"headline\":\"Shared Equity Scheme Will Add Fuel To Fire Of Red Hot Property Market\",\"datePublished\":\"2021-11-25T13:27:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.socialdemocrats.ie\\\/shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market\\\/\"},\"wordCount\":298,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.socialdemocrats.ie\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.socialdemocrats.ie\\\/shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.socialdemocrats.ie\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/4475-366-scaled-1.jpg\",\"articleSection\":[\"Cian O'Callaghan\",\"Housing Crisis\",\"Press Release\"],\"inLanguage\":\"ga-IE\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.socialdemocrats.ie\\\/shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market\\\/\",\"url\":\"https:\\\/\\\/www.socialdemocrats.ie\\\/shared-equity-scheme-will-add-fuel-to-fire-of-red-hot-property-market\\\/\",\"name\":\"Shared Equity Scheme Will Add Fuel To Fire Of Red Hot Property Market - 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