Ministers defend affordable-housing efforts as homes in one scheme to cost up to €475,000

Housing-Crisis News

Ministers defend affordable-housing efforts as homes in one scheme to cost up to €475,000
Paschal-DonohoeDarragh-O-Brien
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Prices for housing in affordable-housing schemes would be higher without Government intervention, says Donohoe

after it emerged that buyers in one of the first schemes in Dublin will have to pay up to €475,000 for a three-bed home.

However, prices are up to 55 per cent higher than originally indicated, with one beds costing €264,358-€308,750, two beds €355,760-€427,500 and three beds €399,731-€475,000.Dublin ‘affordable’ purchase permutations call purpose of scheme into questionMinister for Housing Darragh O’Brien was asked at press conference in Dublin on Wednesday if he believes €475,000 is affordable.

“Oscar Traynor Woods has been a site that has been vacant and has been held up – by mostly Opposition parties I might add – for the guts of 30 years. At a separate press conference, Minister for Public Expenditure Paschal Donohoe was asked if he thinks €475,000 is affordable.

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Paschal-Donohoe Darragh-O-Brien

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