Dáil Éireann Debate, Thursday - 9 November 2023
156. Deputy Richard Bruton asked the Minister for Housing, Local Government and Heritage if he will provide an update on the latest information on the purchases of homes by first-time buyers and the supply of affordable homes for purchase by such buyers. [48356/23]
Amharc ar fhreagraAffordability and the chance to own a home is at the heart of the Government’s housing policy. As detailed in the Housing for All strategy, the Government has introduced a number of measures to support households and individuals wishing to purchase a home, as well as increasing the overall supply of new homes, with an ambitious target of 300,000 new homes up to 2030.
In relation to affordable housing, under Housing for All, the Government will deliver 54,000 affordable homes between now and 2030, to be facilitated by local authorities, Approved Housing Bodies (AHBs), the Land Development Agency (LDA) and through the First Home scheme, a strategic partnership between the State and retail banks.
Data for affordable housing delivery is published on a quarterly basis, similar to social housing delivery. This data is available up to Quarter 2 2023 and is published available at the following link: www.gov.ie/en/collection/6060e-overall-social-housing-provision/#affordable-housing-delivery
In relation to the level of home purchases by first-time-buyers, my Department is not responsible for the collection of such data, however the CSO reports that, based on stamp duty executions, there have been 18,063 first time buyer transactions in the 12 months up to the end of August 2023, including 5,232 transactions for new build homes. More information on the latest first time buyer statistics can be found on the website: www.cso.ie/en/statistics/prices/residentialpropertypriceindex/
