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Friday, December 3, 2021

Tánaiste Leo Varadkar sets target of 70% home ownership in Ireland by 2030

Tánaiste Leo Varadkar has said he wants to set a target of 70% of home ownership in Ireland by the end of the decade.

The Fine Gael leader said owning our own homes is in our DNA, while acknowledging that this dream is out of reach for far too many people.

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The goal would require 40,000 homes being built in Ireland each year until the end of the decade.

“This dream, this promise, must again become a reality. We must renew the social contract and make owning your own home a fundamental part of it. Tonight, I want to set a target of getting back to 70% home ownership by the end of the decade. This will require getting up to forty thousand new homes built every year, double where we are now,” he told the Fine Gael Ard Fhéis.

Varadkar went on to say this will be achieved through a mixture of public and private investment.

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“Housing is a human right but it means nothing just to say it or to write it into law. You have to mean it and make it happen,” the Fine Gael leader said.

“This means voting for new housing not against it, it means stronger protections for renters, encouraging investment not chasing it away and helping first-time buyers to get a deposit and a mortgage. That is what Fine Gael does. Others talk. We build,” he continued.

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