Seanad debates

Wednesday, 10 December 2003

Report on Dublin and Monaghan Bombings: Motion. - Local Authority Funding: Motion.

 

The abolition of the first-time buyer's grant had little or no effect on housing demand. In any event, it was aimed at only about 10% of the total market. The recent ESRI mid-term report suggested that the Government should consider reducing such supports as a method of damping down demand. When I bought my first house, the price increased by €2,000 the day the grant was increased from €1,000 to €3,000, but the builder was the beneficiary, not the purchaser. I have no doubt that was not an isolated case, but was widespread. Housing is and will continue to be a priority for the Government. Indeed, housing receives 34% of the resources of the national development plan, compared to 27% for roads. The record of the Government will stand the test of time. It is important to continue to increase the housing supply and I hope that is where the Government's focus will remain.

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