Are you tired of Ireland’s current housing crisis? Sinn Féin has a revolutionary solution that will shake up the system. With their new housing policy plan, titled ‘A Home Of Your Own,’ Sinn Féin pledges to invest a whopping €39 billion in social and affordable housing over five years starting in 2025. This ambitious plan aims to deliver 300,000 homes by 2030, providing much-needed relief to the housing market.
But that’s not all. Sinn Féin’s plan includes changes to speed up planning decisions, offer low-cost loans to developers, and grant local authorities more autonomy in housing delivery. Additionally, they promise a stamp duty exemption for first-time homebuyers and a ban on rent increases for three years.
Moreover, the Department of Finance is conducting an analysis on institutional investor activity in the housing market, sparking discussions on potential changes to the 10% stamp duty rate for investors acquiring more than ten properties.
With Sinn Féin’s bold housing policy, Ireland is on the brink of a housing revolution. Stay tuned for more updates as the government leaders consider these transformative proposals.
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