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The 'affordable' homes costing twelve times the average wage
Manage episode 426011924 series 2930202
Content provided by dconlon@irishtimes.com and The Irish Times. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by dconlon@irishtimes.com and The Irish Times or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Dublin’s housing market has reached the point where a three-bed semi-detached house in Coolock priced at €475,000 is deemed ‘affordable.’ The long awaited development of state-owned land off Oscar Traynor Road was supposed to yield public housing and affordable purchase homes between €204k and €306k. But now that the first sixteen homes are coming on stream, the actual price is up to €170k higher than what was quoted in 2021. It doesn’t appear to be down to cost over-runs on the developer’s side. Dublin City Council has confirmed Glenveagh Homes built the properties at the agreed cost, fixed at 2020 prices. The council insists the price tag still represents good value because it’s 18% cheaper than if the homes were sold on the open market. Dublin editor, Olivia Kelly, has been looking into why the homes are so dear, and why people earning €106k are qualified to apply for the state subsidy.
Presented by Bernice Harrison. Produced by Aideen Finnegan.
Hosted on Acast. See acast.com/privacy for more information.
609 episodes
Share
Manage episode 426011924 series 2930202
Content provided by dconlon@irishtimes.com and The Irish Times. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by dconlon@irishtimes.com and The Irish Times or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Dublin’s housing market has reached the point where a three-bed semi-detached house in Coolock priced at €475,000 is deemed ‘affordable.’ The long awaited development of state-owned land off Oscar Traynor Road was supposed to yield public housing and affordable purchase homes between €204k and €306k. But now that the first sixteen homes are coming on stream, the actual price is up to €170k higher than what was quoted in 2021. It doesn’t appear to be down to cost over-runs on the developer’s side. Dublin City Council has confirmed Glenveagh Homes built the properties at the agreed cost, fixed at 2020 prices. The council insists the price tag still represents good value because it’s 18% cheaper than if the homes were sold on the open market. Dublin editor, Olivia Kelly, has been looking into why the homes are so dear, and why people earning €106k are qualified to apply for the state subsidy.
Presented by Bernice Harrison. Produced by Aideen Finnegan.
Hosted on Acast. See acast.com/privacy for more information.
609 episodes
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Similar to In The News
The Women's Podcast, hosted by Róisín Ingle & Kathy Sheridan. Producers: Róisín Ingle and Suzanne Brennan. By women, for everyone. Hosted on Acast. See acast.com/privacy for more information.
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Tempers fly as the newsmakers of the week face-off in this award-winning show. Anchored by Sanket Upadhyay, this weekly program has politicians battlling wits with a live audience.
…
continue reading
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