Eoghan Murphy Receiving Heavy Criticism Over Co-Living Scheme

Minister of Housing, Eoghan Murphy, has been receiving heavy criticism since publicly supporting the co-living plan in Ireland. In co-living private spaces such as a bedroom or bathroom is owned privately, while, public spaces like kitchens and living rooms are shared among different tenants. Eoghan Murphy calls these new co-living buildings being built as, “very trendy boutique hotels.” This statement has triggered many heated responses from people who believe this type of living is horrible. Some of the critics that he has received includes being called, “out of touch” and a person asked, “what planet is this Minister living on”.

In support of Eoghan Murphy, there has been success in these types of living spaces all throughout Europe and North America. If the developer puts enough money into the space it can become a great option for younger adults seeking more affordable housing options. These spaces do hinder one’s privacy, but it also encourages a sense of community and meeting new people. This could also be an attractive scheme for young adults moving to Ireland for work who do not …

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Government Housing Fund is Collecting Dust

The Irish government has allocated a large portion of their budget to address the current housing shortage and crisis that is plaguing Ireland. However, due to red tape and many other impediments, much of the budget has not been used yet and is sitting and collecting dust at the moment. Approximately 8% of the 200 million Euro government housing fund has been spent and many people are not happy about this.

The Local Infrastructure Housing Activation Fund (LIHAF) was originally allocated 195 million Euros in 2016. Since then only 16 million has been spent and the majority of the budget has been sitting in an account. One of the major problems hindering efficient construction sites is Ireland’s outdated infrastructure. This fund was created to provide investment in public off-site infrastructure including; roads and water. This would cut down costs and time for delivering properties. This fund was created during the government’s creation of the Rebuilding Ireland policy to tackle homelessness and housing issues.

Infrastructure projects have been approved to begin under the fund, but not many have taken off. 30 …

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Institutional Investors Hurting First-Time Buyers

Big time investors in the housing market are affecting first time buyers and their ability to purchase homes. Large scale investors are buying lots of hundreds of houses at a time and renovating them and re-selling them for profit. Home buyers are feeling the pressure and are unable to find homes in their price range. Fianna Fáil is calling on the current government to investigate the current tax incentives for investors and believes that could be a way to make significant changes.

The Department of Finance has agreed to do a review on how much institutional investors pay in taxes. However, Department of Finance has already begun releasing statements defending their current stance on taxes. They acknowledged that institutional investors only make up a small proportion of the housing market. A small proportion still can affect hundreds to thousands of people. According to Savills Estate Agents, approximately 3,000 properties were purchased in blocks by institutional investors last year. Many homebuyers searching for homes contribute large investment funds to increasing difficulty in getting a house.

Nicola McCann and her partner from …

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