Opinion: The last thing this housing market needs is a subsidy for developers

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The Social Democrats are asking the government to scrap the subsidy for developers – Cian O’Callaghan explains why.

Cian O'Callaghan Social Democrats TD Dublin Bay North WE ALL KNOW that this government is a big fan of supporting developers – but I have to confess to being surprised by the extent of the generosity they are showing to their favourite demographic in their latest policy wheeze.

Meanwhile, buyers desperate for a property will be rewarded by having to fork out for an overpriced apartment in the knowledge that their own government has diligently worked to keep prices, and their mortgages, artificially high. The scheme is such bad value, and so bizarre, that I decided to ask the Taoiseach a few questions about it in the Dáil.

Why did people need to “get real”? According to Mr Kelly, apartment sizes had to be cut to make it profitable for developers because there was “no point in having standards in place if nobody is going to build them”. However, Mr Kelly promised that his changes would make apartment building affordable for purchasers. We all know how that turned out. Related Reads 12.05.22 Varadkar: 'Far too many people have to spend too much of their income on rent' 12.05.

 

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There has to be a subsidy, how else will developers be able to build all the accommodation to house welfareEmigrants?

no reason irish construction shouldn’t thrive, and we should be building as many houses as humanly possible. the problem is who the houses are being sold to

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