{"id":7777,"date":"2024-10-16T11:59:08","date_gmt":"2024-10-16T10:59:08","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/?p=7777"},"modified":"2024-10-16T11:59:08","modified_gmt":"2024-10-16T10:59:08","slug":"house-prices-have-increased-by-e85000-during-this-governments-time-in-office","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/house-prices-have-increased-by-e85000-during-this-governments-time-in-office\/","title":{"rendered":"House prices have increased by \u20ac85,000 during this Government\u2019s time in office"},"content":{"rendered":"<p>Skyrocketing house prices are locking a generation out of homeownership, 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 cost of buying a home has increased by a further 10.1 per cent in the past 12 months, according to the latest Residential Property Price Index from the CSO.<\/p>\n<p>\u201cFirst-time buyers are now facing median house prices of \u20ac345,000 nationwide, rising to a staggering \u20ac462,000 in Dublin. Is it any wonder there are over half a million adults stuck living in their childhood bedrooms?<\/p>\n<p>\u201cA highly educated and skilled generation is once again being pushed out of Ireland but this time it is not for a lack of work. They are leaving because of the housing crisis \u2013 a crisis that should have been addressed a long time ago.<\/p>\n<p>\u201cWhen this Government took office in June 2020, the median price for a home in Ireland was \u20ac260,000. In the four years since then, the price of a home has increased by \u20ac85,000.<\/p>\n<p>\u201cEvery year this Government is in office, it becomes over \u20ac20,000 more expensive to buy your first home.<\/p>\n<p>\u201cThis cannot continue \u2013 and it does not need to.<\/p>\n<p>&#8220;This week, the Social Democrats published our fully costed affordable housing plan that will build 50,000 affordable purchase homes in the next five years.<\/p>\n<p>\u201cThe plan ensures these homes remain affordable in perpetuity and lays the foundations for a continuous supply of affordable homes for future generations.<\/p>\n<p>\u201cThis level of ambition is exactly what a generation locked out of homeownership needs. It\u2019s time to treat the housing crisis as the national emergency that it is.\u201d<\/p>\n<p><em>October 16, 2024<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Skyrocketing house prices are locking a generation out of homeownership, according to Social Democrats TD Cian O\u2019Callaghan. Deputy O\u2019Callaghan, who is the party\u2019s housing spokesperson, said: \u201cThe cost of buying a home has increased by a further 10.1 per cent in the past 12 months, according to the latest Residential Property Price Index from the [&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-7777","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>House prices have increased by \u20ac85,000 during this Government\u2019s time in office - 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\/house-prices-have-increased-by-e85000-during-this-governments-time-in-office\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House prices have increased by \u20ac85,000 during this Government\u2019s time in office - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Skyrocketing house prices are locking a generation out of homeownership, according to Social Democrats TD Cian O\u2019Callaghan. 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