Housing Schemes
Dail Éireann — 2026-05-19
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Eoin Ó Broin (SF), Dublin Mid-West

I thank the Minister for that explanation. The difficulty is that part of the problem is that not only is he not meeting his formal purchase targets, but in many instances the full cost of those properties is exceptionally high. In fact, in some developments it is as much as €500,000 and others, including the ones he referenced in my constituency, it is €440,000 to own the property outright. The difficulty is that by using open market value rather than all-in cost of development, we are increasing the cost to the purchaser and making the homes even less affordable. For example, we do not get any benefits if the land is provided by the local authority, or indeed if there is a significant gap between the development costs and the OMV. Let us take, for example, Glenveagh in Oscar Traynor Road. Those homes probably cost - what Glenveagh was probably paid for those - about €50,000 less than the open market value, so people end up paying far more. There are better ways to deal with the challenges of future sale under the scheme. I just do not understand why the Minister would use a valuation that significantly increases the cost of development when the price of those homes is already too high for far too many working people.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-05-19/debate/main
Retrieved: 2026-09-28T05:50:46+00:00
Sitting date: 2026-05-19