{"id":4621,"date":"2024-03-12T11:09:36","date_gmt":"2024-03-12T11:09:36","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/?p=4621"},"modified":"2024-03-12T11:09:36","modified_gmt":"2024-03-12T11:09:36","slug":"government-turning-ireland-into-a-nation-of-renters","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/government-turning-ireland-into-a-nation-of-renters\/","title":{"rendered":"Government turning Ireland into a nation of renters"},"content":{"rendered":"<p>Home ownership rates are set to collapse further with just 6 per cent of apartments built in Dublin available to buy, 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>\u201cLast year, apartments accounted for more than 35 per cent of all new homes built. With apartments playing an increasingly important role in housing delivery, it is vital that individuals still have an opportunity to buy their own home.<\/p>\n<p>\u201cHowever, analysis by the Banking and Payments Federation Ireland (BPFI) has shown that just 523 of the 9,100 apartments built in Dublin last year were available for purchase.<\/p>\n<p>\u201cHome ownership rates are already at their lowest level in more than 50 years. This collapse will continue further if virtually no new apartments are available to buy.<\/p>\n<p>\u201cI have put forward an amendment to the Planning and Development Bill that would ensure that 50 per cent of all new apartments are available for individual buyers. This would put an end to exorbitantly expensive rental-only developments.<\/p>\n<p>\u201cI\u2019m calling on the Government to support this practical solution, which will give people a chance to get a place of their own.<\/p>\n<p>\u201cAs things stand, the Government is turning us into a nation of renters. We must take immediate action before the dream of home ownership becomes a fantasy for most people.\u201d<\/p>\n<p><em>March 12, 2024<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home ownership rates are set to collapse further with just 6 per cent of apartments built in Dublin available to buy, according to Social Democrats TD Cian O\u2019Callaghan. Deputy O\u2019Callaghan, who is the party\u2019s housing spokesperson, said: \u201cLast year, apartments accounted for more than 35 per cent of all new homes built. With apartments playing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,10,7],"tags":[],"class_list":["post-4621","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>Government turning Ireland into a nation of renters - 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\/government-turning-ireland-into-a-nation-of-renters\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government turning Ireland into a nation of renters - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Home ownership rates are set to collapse further with just 6 per cent of apartments built in Dublin available to buy, according to Social Democrats TD Cian O\u2019Callaghan. 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