Labour: Govt. Housing Policy Based On Dual Earners Is Dangerous.

Saturday, 8 May 2021 17:00

The party says single people are being priced out of the market.

The Labour party says the Government's decision to develop a housing policy for dual income households is dangerous.

Reports yesterday based on CSO data found houses are affordable in just seven counties for a single worker on a typical salary.

There's a €113,000 disparity between average Kildare house prices and the maximum mortgage allowable on the median wage..

The maxium mortgage available in Kildare on a median salary is € 207,307

The median house price here is € 320,000

The analysis shows a person on a median income and a 20 percent deposit can only buy a home in Cavan, Donegal, Leitrim, Longford, Mayo, Roscommon and Sligo.

🏡Govt policy ignores 400,000 people who live alone.

🏙We need to stop funds buying estates of family homes & apartments in cities.

The boom in Build To Rent ignores single people who want to buy in inner city neighbourhoods.

More from @RebeccaMoy ⤵️ https://t.co/T1OTeuuv7r
— The Labour Party Ireland (@labour) May 8, 2021

Senator Rebecca Moynihan, Labour's housing spokesperson, says single people are being priced out of the market.

She say the Governnment needs to also look at providing affordable housing for those living alone:

Senator Moynihan says the government is determining what is affordable, based on a couple's earnings:

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