Thursday, 25 November 2021
Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation
I want to ask the Tánaiste about the shared equity scheme. On previous occasions when Governments have ignored expert advice from the Central Bank or the ESRI, especially on housing, it has not ended well. Why, on this occasion, does the Government feel it is okay to ignore the warnings from the ESRI and the Central Bank that this will inflate house prices? House prices have increased by 12% in the last year. A similar scheme in the UK led to a boom in house prices and a boom in profits for developers. Why, on this occasion, is the Government ignoring all this advice?