The 'affordable' homes costing twelve times the average wage
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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.