Dáil debates
Thursday, 25 October 2018
Ceisteanna Eile - Other Questions
Economic Competitiveness
11:45 am
Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source
Does the Minister agree that a lack of affordable housing in the economy is most likely to lead to overheating by way of house price inflation, which could land us in the position we occupied some years ago and where the State might have to intervene? Would he agree that as long as property prices continue to inflate in the way they do without adequate availability of affordable housing, there is only one way we can go? That will lead us to an anti-competitive position. I put all these questions down, as I am sure the Minister did, ten years ago when the similar signs were there. The problem is now exacerbated because of a major lack of affordable housing. Many people cannot get into the housing market without paying an inflated price they cannot afford, and ultimately they will find this a burden.
No comments