Dáil debates

Tuesday, 28 September 2021

Ceisteanna - Questions

Cabinet Committees

4:25 pm

Photo of Mick BarryMick Barry (Cork North Central, Solidarity) | Oireachtas source

The average price of a house rose by €24,000 last year - good news for those who own four homes but bad news for young workers. That is more than a year's salary for very many of them. The average price of a house in Cork city is now €307,000 - in other words, more than 12 times the annual salary of those young workers. Throughout the State, 42,600 mortgage approvals were granted in the year to June, yet only 31,300 drawdowns were made in the same period. These statistics seem to suggest that more than a quarter of those approved for mortgages were priced out of the housing market. Does the Taoiseach accept the housing market is treating young people in a viciously unfair fashion? Does he accept his Government will lose a hell of a lot of support among young people if these issues are not resolved very quickly?

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