Saturday 22 September 2018

Coveney claims there are currently 600 houses listed for sale in Dublin priced below €250,000

Stock photo: PA
Stock photo: PA
John Downing

John Downing

Tánaiste Simon Coveney has said there are currently 600 houses listed for sale in Dublin priced below €250,000.

Mr Coveney’s comments came in a bad-tempered Dáil row about the housing crisis during which People Before Profit TD, Richard Boyd Barrett, challenged comments by the Taoiseach on the issue of deposits.

Mr Boyd Barrett said vast numbers of people had been infuriated by Mr Varadkar’s remark that young people could get help with a deposit from their parents.

“The mythical ‘bank of mom and pop’ does not exist – except for a pampered few,” Mr Boyd Barrett declared.

The PBP deputy cited the example of a teacher on €35,000 per year who may get a mortgage for €270,000 – but would still have to save a deposit of €27,000.

But even if the young teacher could achieve all that – there was no prospect of getting a house in Dublin for €270,000.  Mr Boyd Barrett said houses in Dublin cost around €350,000 and in Dun Laoghaire some cost up to €600,000.

Mr Coveney said he had just been handed a note which said some 600 homes were advertised for sale at present, on the website, for under €250,000.  He accused the PBP TD of being unduly dismissive of good schemes to help home buyers and argued that the supply of houses was increasing steadily.

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