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Dáil
‹ Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation

Home ownership and housing crisis

Summary

Deputy Doherty argued that home ownership has collapsed and young people are being priced out. The Minister defended Government housing schemes and accused Sinn Féin of opposing support for first-time buyers, while the exchange was repeatedly interrupted by the Chair and both sides.

The census results show that under Fianna Fáil and Fine Gael, home ownership has collapsed. Last year, the Economic and Social Research Institute, ESRI, found that 15 years ago, of those between the ages of 25 to 32 years of age, 60% of them owned their own home. Today less than half that percentage is the case. Yesterday the EU agency found that the number of young Irish people living with their parents has seen among the largest increases in Europe since 2010. Fine Gael and Fianna Fáil have pushed home ownership beyond the reach of an entire generation. They have plunged them into unaffordable and insecure accommodation, forced them into extortionate rents, forced them to move in with their parents or to face homelessness. Their policies have not only failed this generation but are making things worse. For the past seven years Fianna Fáil and Fine Gael have been in a Government arrangement. Do they accept that their policies have resulted in a collapse of home ownership or do they deny the census figures and the ESRI's findings?

Comment on this
Darragh O'Brien Minister for Housing, Local Government and Heritage Fianna Fáil

I do not accept the Deputy's charge. It is important to note that last year, one in two new homes that were purchased were bought by first-time buyers supported by the schemes that this Government brought forward. I will remind the Deputy of those schemes, which include the help-to-buy grant, which is €30,000 of people's own tax back in their pockets to help with the deposit, which the Deputy and his party opposed.

He said his party would scrap that support. The first home scheme has helped 1,700 householders in less than a year to buy their own home, through the State stepping in and taking an equity at a level between the finance available to the purchaser and what is needed to buy the home. The average equity we are giving is €69,000. That does not amount to a second mortgage as Sinn Féin's housing spokesperson said at the time, and it is not inflationary in any way, shape or form. Sinn Féin opposes those two measures that are helping people to buy their own homes. Inexplicably, it also opposes the measure to bring vacant homes back into use and help people to buy them with grants of up to €70,000. Again, Sinn Féin has opposed that.

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Home ownership has collapsed under Fianna Fáil and Fine Gael.

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The Deputy must let the Minister respond.

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The fact of the matter is-----

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The facts are there in the census figures. Home ownership has collapsed under Fine Gael and Fianna Fáil in government.

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Please, Deputy.

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Deputy Doherty needs to calm down a little.

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The facts are the facts.

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Will the Deputy please have some respect? The next speaker is Deputy Duncan Smith.

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I have given the facts about everything the Deputy's party has opposed. He does not want an answer and he does not like to hear the truth. He is opposed to first-time buyers and home ownership. It is as simple as that.

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I have called Deputy Duncan Smith.

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The Minister's party has collapsed home ownership.

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Deputy, will you please stop interrupting? I have called Deputy Duncan Smith.

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