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

I want to ask about new build house prices and developer profits. The ESRI has said that if the help-to-buy scheme was scrapped house prices would fall. Recent analysis by the architect Orla Hegarty has shown that in Dublin 15, in the Taoiseach's constituency, since the shared equity scheme was introduced new build house prices have increased by €92,000. BNP Paribas has stated that new build house prices are increasing at 18 times that of the rate of second-hand homes. These numbers are backed up by the CSO. Today I introduced a Bill that would require developers to publish their profits so there would be transparency if they are in receipt of State subsidies or are beneficiaries of these. Does the Taoiseach have any concern about the various Government schemes that are pushing up the price of new build houses? Will he support the Social Democrats Bill so there is transparency around the profits of developers who benefit from these schemes?

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