Residents in one Dublin area believe high house prices are forcing young people to leave.
And more than 10 percent of respondents to the Red C Poll in Howth and Sutton say they are stuck in unwanted rental accommodation or living with parents. House prices in north county Dublin rose by 20% in the quarter to the end of June while rents went up by 14%.
It is estimated the minimum price of a three bed house in the area is €600,000. Four out of five respondents agreed that little or no affordable housing has been built in the area for over 20 years.
Read more: Popular Dundrum pub closes to make way for dog-friendly boozer
And 86% agreed there is strong demand for more affordable housing in the area while more than two-thirds said they would be interested in being offered affordable housing in the area for themselves or their extended family. The research was carried out behalf of real estate firm Tetrarch who own a 6.5 acre parcel of land which they want to see developed into 150 affordable homes.
Principal of Tetrarch Michael McElligott said their proposal would ensure 150 houses are brought to the market at half the price they are being sold for in the area. He said: “The RED C research provides very clear evidence that there is huge demand and need for affordable housing in the Howth/Sutton area, which hasn’t benefited from any meaningful housing delivery by the Council in over 20 years.
"Our proposal will give locals exactly what they are crying out for, with a price point of €300,000 that is less than half what a typical family home would cost in the area. The proposed development will ensure that 150 families do not have to move to other areas of Fingal."
Read next:
Huge amount of MDMA seized as woman in 50s arrested and released without charge
Human poo floods into Council flat through sink and 'destroys' property
Free weekly kids movies in outdoor cinema in Temple Bar launched by DCC
Sign up to the Dublin Live Newsletter to get all the latest Dublin news straight to your inbox.
