Cian O'Callaghan (Dublin Bay North, Social Democrats) | Oireachtas source

Will there be targets for price levels in housing for all or does the Minister and Government have a view on that? There are only 7,000 or 8,000 new build homes available on the open market each year. The rest are bought by institutions or for one-off houses or social housing. In the context of some of the highest house prices in the eurozone, the warnings that prices could reach Celtic tiger levels, the sharp increases in the cost of construction building materials mentioned by the Minister and the warnings from the Central Bank and the ESRI about adding a demand side shared equity scheme to this and adding fuel to the fire, will he reconsider those measures that will increase house prices even further given the pressure at the moment, bearing in mind the fact that the people who lobbied for that scheme did it at a time house price inflation was much more stable?

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