Richard Bruton (Dublin Bay North, Fine Gael) | Oireachtas source

Today, we read that new house prices are believed to have peaked at levels like €310,000 in the midlands and €464,000 in Dublin. It is true that, with the assistance of Government schemes, these can now be purchased using mortgages of under €300,000. However, because these schemes do not allow buyers to express advance interest in being purchasers under the affordable purchase schemes, there is no register of likely buyers and developers of multi-unit developments often feel it too risky to put those homes up for sale. In my constituency, there is a pipeline of 3,700 affordable homes on public lands, but only 10% of those are likely to be for affordable purchase. The rest will be cost rental. We can change that if we allow a pipeline of potential purchasers to be identified in advance.

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