'Incredibly sophisticated public transport system' cited among reasons for huge spike in Irish house prices | JOE.ie

  • 📰 JOEdotie
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

'Incredibly sophisticated public transport system' cited among reasons for huge spike in Irish house prices

According to RTÉ, the average price of a home in the late 1980s was €42,000, or €80,000 adjusted for inflation.Skehan attributed the rise to a number of factors, including what he described as Ireland's"incredibly sophisticated public transport system".

"The price of the house now, in whatever way you measure it, is about three times what it was back in 1987," Skehan said. "But, in 1987, we were buying something that was uninsulated, unsafe, and stuck out in the middle of nowhere with no shops, no public transport, no open space. "When we're buying a house today, we're buying an incredibly more sophisticated product and we are paying the price with our capital contributions for the incredibly sophisticated transport system and everything else that goes with it," he added."When we're buying a house today, we're buying an incredibly more sophisticated product."

Former Chair of the Housing Agency Conor Skehan believes the quality of our infrastruture and services has greatly improved - and that is why we are paying so much for houses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Conor .....come live in the real world you absolute eejit

So the reason we’ve a housing crisis and increased homelessness is because successive FF/FG governments were just too good at delivering stuff. And really it’s all us with houses to blame..

Unfuckingbelievable. Why do they keep bringing in evil Santa to spout this absolute nonsense? The last time he was on he suggested anyone who can't afford to live in Dublin should leave. Tell that to a nurse working a 12 hour shift

An incredibly corrupt political system

Delusion of the highest order 🤦‍♂️🤣

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in PROPERTY

Property Property Latest News, Property Property Headlines