Cian O'Callaghan TD

Latest figures come just one day after Minister survives confidence motion 

The latest national Residential Property Price Index (RPPI) shows that the Government has failed to curb rising house prices, according to Social Democrats TD Cian O’Callaghan.

Deputy O’Callaghan, who is the party’s spokesperson on Housing, said:

“The index increased by 9.8 percent in the 12 months to October 2022, with prices in Dublin rising by 8.3 percent and a jump of 11 percent outside the capital.

“According to Revenue filings, October 2022 saw 4,296 dwellings purchased by households at market prices, a decrease of 0.9 percent on the same month last year. The median price of a dwelling bought in the same 12-month period was €300,000.

“These figures come just one day after the Government voted confidence in a Housing Minister who, for the past two a half years, has presided over record property prices, record rents and record numbers of people living in emergency homeless accommodation.

“With house prices continuing to rise, increased delivery of affordable purchase, cost rental and social homes is the only solution to this crisis. When will the penny finally drop for this Government?”

December 14, 2022

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