Latest Daft.ie report confirms government housing plan not working – Eoin Ó Broin TD
Sinn Féin spokesperson on Housing, Eoin Ó Broin TD, has said that the latest Daft.ie house price report confirms that the government’s housing plan is not working.
The Dublin Mid-West TD’s comments were made in response to the Q4 2024 house price report from Daft.ie, which confirmed that house prices increased by 9% last year.
He said that 2024 did not mark the turning of a corner in the housing crisis and instead, as confirmed by the report, the crisis has gone from bad to worse over the past 12 months.
Deputy Ó Broin said:
“The conclusion from the latest Daft.ie house price report is a devastating critique of the government’s housing policy. The report described 2024 as ‘the least successful year for policy-makers since 2017’.
“House prices have increased by 9% statewide in the last year. Twelve counties experienced double-digit inflation.
“The rate of inflation in Dublin has accelerated again, after lagging behind the statewide average for some time. This is particularly bad news for the capital’s economy, which is struggling to attract and retain public and private sector workers because of high housing costs.
“The Daft.ie report also highlights the ongoing decline in second hand properties coming to the market, which is undermining the limited growth in new supply.
“All of this confirms that the government’s housing plan is not working. 2024 did not mark the turning of a corner in the housing crisis. Rather, as confirmed by the Daft.ie report, during the last 12 months that crisis has gone from bad to worse.
“Only a dramatic increase in investment in and delivery of social and affordable housing will address housing need. Sinn Féin will continue to make the case for a radical reset of housing policy this year as set out in our alternative housing plan, A Home of Your Own.”
