Oireachtas Joint and Select Committees

Wednesday, 18 September 2019

Joint Oireachtas Committee on Housing, Planning and Local Government

Update on Rebuilding Ireland - Action Plan for Housing and Homelessness: Discussion

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

Home ownership fell at the same rate from 2006 to 2011 as it did from 2011 to 2016. There is an underlining factor there that shows that even in the boom years, and in previous Governments, home ownership was declining. What we believe is that, culturally in this country, people prefer to own a home, even people who are renting now. We need to make sure there is a process in place to ensure they can own their own home. That is why I say again that State-led intervention in terms of affordability is so important.

I know the Deputy is trying to build a case for legislation he wants to bring forward around institutional investors.

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