Pricing of ‘affordable homes’ at €475,000 defended by council

The prices of some of Dublin city’s first “affordable” homes at Oscar Traynor Road, Coolock, which were last week advertised at up to €475,000, have been defended by Dublin City Council’s head of housing.

Following protracted negotiations and the collapse of agreements over several years, Dublin city councillors signed off on a deal for the redevelopment of 17 hectares of public land near the entrance to the Dublin Port Tunnel in November 2021. When councillors agreed to the deal one-bedroom homes were to be priced at €204,000–€238,000, two beds from €227,000-€284,000, and three beds at €250,000–€306,000.

The council’s head of housing Frank d’Arcy said the 2021 prices had not included VAT, and the 2024 prices did not reflect the funding of up to €30,000 that was available under the State’s Help to Buy Scheme.

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