Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

The Society of Chartered Surveyors Ireland's report this morning demonstrates complete market failure and failure of Government policy to deliver affordable housing for the majority of working people in this country. That is what its evidence suggests. The average cost of delivering a three-bedroom house across the country is €397,000 and in Dublin it is €451,000, requiring a combined household income of €127,000. That means 80% of households in this country cannot afford the cost of housing being delivered by the private market. Some 80% of workers have been priced out of the market. The Minister will undoubtedly say we have affordable housing schemes. The affordable housing ceiling for shared equity in Dublin is €360,000.

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