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Government Spends €218m Buying...

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Government Spends €218m Buying Up Dublin City Homes On Private Market

98FM News
98FM News

09:35 19 May 2019


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The government has spent €1.2 billion on buying homes from from the private market during the housing crisis.

That's according to new figures published in the Sunday Independent today.

A total of 7,169 houses were bought from private-sector builders since 2011.

€218 million has been spent on buying 974 units for social housing in the Dublin City Council area.

A further €21.7 million was spent in Dún Laoghaire-Rathdown, €48.4 million in South Dublin, and €134.4 million in Fingal.

Critics have said the strategy represents poor value for money, and that public bodies should be developing housing directly.


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