didnt know where to post this, but its a jewel if FG were able to pull it off. only thing is, by the time they get in govt houseprices will have risen beyond even their current figures.
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Young people ‘exiled’ by house prices, say Fine Gael
20/06/2006 - 14:50:58
Fine Gael has said the rise in house prices during the reign of the present Government has left young people priced out of the market, mortgaged to the hilt or “exiled to commuter-land”, far from where they work or were brought up.
“This Government has completely failed to get to grips with the major problems in our housing market and first time buyers are paying for that failure,” said the party’s environment spokesman, Fergus O’Dowd TD.
He slammed as “abysmal” the Fianna Fáil and Progressive Democrat administration’s record on affordable housing, social housing waiting lists and stamp duty.
“I have a real fear that ‘Two Irelands’ are emerging, one containing property owners and the other containing those who have less and less of a chance of purchasing a home,” he said.
He outlined a Fine Gael three-point plan for first-time buyers which would abolish all stamp duty on properties valued at less than €400,000, introduce an SSIA-type saving scheme giving €1 for every €3 saved for a deposit and interest relief for the first seven years of mortgage payments.House prices in Ireland have risen by an average of 15% every year for the last decade, according to figures published today by the ESRI and Permanent TSB
[broken link removed]
Young people ‘exiled’ by house prices, say Fine Gael
20/06/2006 - 14:50:58
Fine Gael has said the rise in house prices during the reign of the present Government has left young people priced out of the market, mortgaged to the hilt or “exiled to commuter-land”, far from where they work or were brought up.
“This Government has completely failed to get to grips with the major problems in our housing market and first time buyers are paying for that failure,” said the party’s environment spokesman, Fergus O’Dowd TD.
He slammed as “abysmal” the Fianna Fáil and Progressive Democrat administration’s record on affordable housing, social housing waiting lists and stamp duty.
“I have a real fear that ‘Two Irelands’ are emerging, one containing property owners and the other containing those who have less and less of a chance of purchasing a home,” he said.
He outlined a Fine Gael three-point plan for first-time buyers which would abolish all stamp duty on properties valued at less than €400,000, introduce an SSIA-type saving scheme giving €1 for every €3 saved for a deposit and interest relief for the first seven years of mortgage payments.House prices in Ireland have risen by an average of 15% every year for the last decade, according to figures published today by the ESRI and Permanent TSB