Oireachtas Joint and Select Committees

Wednesday, 12 December 2018

Joint Oireachtas Committee on Housing, Planning and Local Government

Rebuilding Ireland: Minister for Housing, Planning and Local Government.

9:30 am

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

Okay. Prices are coming down. We are looking at single digit price inflation for house buying this year, which is important because it shows the growth in inflation. All the different indicators tell us that. In Cherrywood, the cost of building will be expensive but they are looking at the build-to-rent model which we need more of as we professionalise the landlord sector. I do not see how the Deputy cannot see 9,000 new homes for 23,000 people, a new town with sporting facilities, transport and places to work as not helping. Of course it helps. It will not help everyone but it will help. If people buy at higher prices, that frees up homes at lower prices for those who cannot afford higher prices. All delivery helps supply.

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