Deputy Browne Believes New House Prices Are “Out of Control”

Martin Browne, TD (Sinn Fein)

Tipperary Sinn Féin TD Martin Browne says that new house prices in Tipperary are “out of control”.

Deputy Browne adds that the Government’s failure to deliver affordable homes is “making the crisis worse”.  The latest house price report which shows that the median price of a new build home in Tipperary is €320,400.

Across the state the price of an average home rose 3.4% in the last 12 months to €320k. In Tipperary the average price of a home is now €242,002, having risen 8.6% year-on-year.

Deputy Browne highlights that there is now almost a 30% difference between the price of an average new home and overall average prices. Statewide the price of an average new home is €407,000, €80,000 more expensive than the average for new and second-hand homes combined.

The TD says this is a direct consequence of what he calls “bad Government policy, demand side subsidies such as the ‘Help to Buy’, and the controversial Shared Equity Loan scheme, all causing an increase in  new house prices.”

Deputy Browne wants Government policy to shift to end policies that push up house prices and to increase and accelerate the delivery of genuinely affordable homes by Local Authorities and Approved Housing Bodies, at prices that working people can genuinely afford.