Affordable Housing Scheme To O...

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Affordable Housing Scheme To Offer Homes For €116,000

Georgie Crawford
Georgie Crawford

09:56 5 Jun 2019


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A new housing scheme in Dublin will help people who are paying high rents.

The three sites, two in Ballymun and one in Ballyfermot will include enough space for the construction of over 370 units.

The Irish Independent reports that the one bed apartments in Ballymum are expected to start at €116,000.

A four bedroom house will cost around €232,000

Housing Scheme

Prices will be higher on the Ballyfermot site, located south of Cherry Orchard Hospital.

A spokesperson for Dublin City Council said that the current prices are based on present market value and may change at the time of completion of the project.

Councillor Paul McAuliffe is welcoming the news.

He says 'many of these people are renting at the moment and are paying huge rents.

'To mortage an affordable home is far less expensive.

'That money is able to go back into the local economy to support local jobs. So I think it's a great idea.'

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