{"id":2119,"date":"2023-05-30T11:07:17","date_gmt":"2023-05-30T10:07:17","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/home-ownership-rates-have-dropped-further-under-this-government\/"},"modified":"2023-09-15T10:41:28","modified_gmt":"2023-09-15T09:41:28","slug":"home-ownership-rates-have-dropped-further-under-this-government","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/home-ownership-rates-have-dropped-further-under-this-government\/","title":{"rendered":"Home ownership rates have dropped further under this Government"},"content":{"rendered":"

Social Democrats to introduce motion seeking a reversal of housing policies that have contributed to a collapse in home ownership levels\u00a0<\/strong><\/em><\/p>\n

The census results published today paint a disheartening picture of the struggles faced by people hoping to buy a place of their own, according to Social Democrats TD Cian O\u2019Callaghan.<\/p>\n

Deputy O\u2019Callaghan, who is the party\u2019s housing spokesperson, said:<\/p>\n

\u201cIn 1991, almost 80 per cent of households were homeowners \u2013 one of the highest rates in Europe. This number has fallen consistently since then and now sits at 66 per cent.<\/p>\n

\u201cWhile continuing to pay lip service to home ownership, this Government has actively pursued policies that are detrimental to people\u2019s chances of getting a place of their own.<\/p>\n

\u201cInstead of putting resources into building affordable homes, the State has incentivised extortionately expensive Build to Rent schemes through sweetheart tax deals for investment funds.<\/p>\n

\u201cSince international investment funding for Build to Rent schemes collapsed, the Irish Strategic Investment Fund is also using hundreds of millions of public money to rescue these expensive rental-only developments.<\/p>\n

\u201cOnly half (52 per cent) of homes built since 2016 were owner occupied with a mortgage or loan.<\/p>\n

\u201cCollapsing home ownership rates present a ticking timebomb. When increasing amounts of renters reach retirement age and see their incomes reduced, how will they afford Ireland\u2019s exorbitant rents? Where will these renters go?<\/p>\n

\u201cWe need to build homes that are genuinely affordable. We know this can be done. Organisations like \u00d3 Cualann are building affordable homes on a not-for-profit basis at well below the market rate.<\/p>\n

\u201cThe Government must stop throwing money at developers and instead focus on building homes that people can actually afford to buy.<\/p>\n

\u201cIn the D\u00e1il tomorrow (Wednesday, May 31), the Social Democrats will introduce a Private Members\u2019 Motion calling for a reversal of Government policies that have contributed to a collapse in home ownership levels. Nothing less than a dramatic increase in the delivery of genuinely affordable purchase homes is going to solve this housing crisis.\u201d<\/p>\n

May 30, 2023<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Social Democrats to introduce motion seeking a reversal of housing policies that have contributed to a collapse in home ownership levels\u00a0 The census results published today paint a disheartening picture of the struggles faced by people hoping to buy a place of their own, according to Social Democrats TD Cian O\u2019Callaghan. Deputy O\u2019Callaghan, who is […]<\/p>\n","protected":false},"author":2,"featured_media":2065,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,10,7],"tags":[],"class_list":["post-2119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cian-ocallaghan","category-housing-crisis","category-press-release"],"acf":[],"yoast_head":"\nHome ownership rates have dropped further under this Government - 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\/home-ownership-rates-have-dropped-further-under-this-government\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home ownership rates have dropped further under this Government - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Social Democrats to introduce motion seeking a reversal of housing policies that have contributed to a collapse in home ownership levels\u00a0 The census results published today paint a disheartening picture of the struggles faced by people hoping to buy a place of their own, according to Social Democrats TD Cian O\u2019Callaghan. 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