{"id":1886,"date":"2022-09-14T12:14:28","date_gmt":"2022-09-14T11:14:28","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/record-property-prices-a-further-blow-for-house-hunters\/"},"modified":"2022-09-14T12:14:28","modified_gmt":"2022-09-14T11:14:28","slug":"record-property-prices-a-further-blow-for-house-hunters","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/record-property-prices-a-further-blow-for-house-hunters\/","title":{"rendered":"Record property prices a further blow for house-hunters"},"content":{"rendered":"<p><em><strong>Capital spending on housing down 21 percent on this time last year<\/strong><\/em><\/p>\n<p>Confirmation from the Central Statistics Office (CSO) that property prices have risen above their Celtic Tiger peak further highlights the scale of Ireland\u2019s worsening housing crisis, according to Social Democrats TD Cian O\u2019Callaghan.<\/p>\n<p>Deputy O\u2019Callaghan, the party\u2019s spokesperson on Housing, said:<\/p>\n<p>\u201cThe national Residential Property Price Index (RPPI) has reached a value of 164.9 points, which is 0.8 percent above the highest level recorded at the peak of the economic boom in April 2007.<\/p>\n<p>\u201cThe national RPPI increased by 13 percent in the 12 months to July 2022, with prices in Dublin rising by 10.4 percent and prices outside the capital up by 15.2 percent.<\/p>\n<p>\u201cBehind these statistics lie the human cost of the housing crisis, where home ownership is just a pipe dream for many people struggling to pay rent living in constant fear of eviction. Every week I hear from young people, whose skills we badly need, who are emigrating as they cannot find somewhere affordable to live.<\/p>\n<p>\u201cThe extent of the housing emergency can be seen in everyday life, from the hundreds of renters desperately queuing for viewings to students and families forced to sleep rough or in their cars.<\/p>\n<p>\u201cToday\u2019s CSO figures also come against the backdrop of record levels of homelessness, with more people than ever seeking emergency accommodation.<\/p>\n<p>\u201cWith rents now among the highest in Europe and the cost of home ownership above Celtic Tiger levels, the Minister for Housing is failing utterly to get to grips with this crisis.<\/p>\n<p>\u201cDespite all the promises, the Government has failed to meet its own targets, with capital spending for housing 21 percent lower than this time last year. This means that thousands of badly needed social, affordable and cost rental homes will not be provided in 2022.<\/p>\n<p>\u201cThe Minister urgently needs to outline what emergency actions he proposes to ensure people can access the housing that they need.\u201d<\/p>\n<p>ENDS<\/p>\n<p>September 14, 2022<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capital spending on housing down 21 percent on this time last year Confirmation from the Central Statistics Office (CSO) that property prices have risen above their Celtic Tiger peak further highlights the scale of Ireland\u2019s worsening housing crisis, according to Social Democrats TD Cian O\u2019Callaghan. Deputy O\u2019Callaghan, the party\u2019s spokesperson on Housing, said: \u201cThe national [&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-1886","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>Record property prices a further blow for house-hunters - 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\/record-property-prices-a-further-blow-for-house-hunters\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Record property prices a further blow for house-hunters - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Capital spending on housing down 21 percent on this time last year Confirmation from the Central Statistics Office (CSO) that property prices have risen above their Celtic Tiger peak further highlights the scale of Ireland\u2019s worsening housing crisis, according to Social Democrats TD Cian O\u2019Callaghan. 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