Sunday 19 February 2017

Dublin prices in the outer suburbs further evidence of policy failure

Colm McCarthy insists Simon Coveney must make some difficult decisions to bring house prices down in the capital

Published 19/06/2016 | 02:30

Unaffordable housing has its most dramatic manifestation in rising homelessness. Almost 70pc of all emergency accommodation for the homeless is provided by the Dublin local authorities, according to Friday’s Oireachtas committee report. Stock photo
Unaffordable housing has its most dramatic manifestation in rising homelessness. Almost 70pc of all emergency accommodation for the homeless is provided by the Dublin local authorities, according to Friday’s Oireachtas committee report. Stock photo

Unaffordable housing is largely confined to the Dublin area. Figures from Daft.ie reveal that rents in central areas of Dublin are (at least) double those in the provincial cities.

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In many rural counties, three-bed semi-detached homes can be purchased for under €100,000, below the cost of construction and readily affordable by a single person on average earnings. In most parts of Dublin, even a couple both on average earnings would struggle to reach current prices, typically three times the rural level, even if they could assemble the deposit required under the mortgage lending rules.

Unaffordable housing has its most dramatic manifestation in rising homelessness. Almost 70pc of all emergency accommodation for the homeless is provided by the Dublin local authorities, according to Friday's Oireachtas committee report.

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