Written answers

Tuesday, 8 November 2005

Department of Environment, Heritage and Local Government

Housing Statistics

8:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
Link to this: Individually | In context

Question 765: To ask the Minister for the Environment, Heritage and Local Government the number of first-time buyers purchasing homes in the period 1998 and to date; and the number of properties purchased in Dublin and the rest of the country. [32930/05]

Photo of Noel AhernNoel Ahern (Dublin North West, Fianna Fail)
Link to this: Individually | In context

The Department does not have definitive figures on numbers of first-time buyers in the housing market. However, using data on the numbers of loans drawn down for new and second-hand houses, together with data on buyer status based on a voluntary statistical survey of mortgagees, there were over 240,000 first-time buyers during the period from 1998 to the first half of 2005.

The Department does not have figures on the total numbers of second-hand properties purchased. Data on the number of new houses completed indicate that almost 450,000 houses have been supplied in this period, 83,000 of which were in the Dublin area. As the data is based on profiling those taking out mortgages for house purchase purpose, it will not cover all purchases of new or secondhand houses. For instance, in 2004, it is estimated that approximately 35% of new houses were not mortgage financed.

Comments

No comments

Log in or join to post a public comment.