Gilmore has a go at ‘rip-off’ developers

LABOUR Party spokesman on the environment, Eamon Gilmore, has hit out at the rip-off profits being made on housing development by a clique of speculators.

His party will put a Bill before the Dáil this Autumn proposing to cap the price of land for house building.

In 10 years the average house price index has shot up from 104 to 319 while over the same period the inflation rate index has gone up from 106 to 142.