No plans to cut affordable house prices despite drop

CORK County Council has no immediate plans to reduce the cost of its affordable houses, despite a price drop on the general housing market.

In light of the recent slump on the open market, Cllr Frank O’Flynn (FF) asked council officials if they were prepared to drop the cost of affordable houses, which are designed to be within the price range of lower income families.

Assistant county manager for the north Cork region, Tim Lucey, said he couldn’t see any change coming in the foreseeable future, especially as the price of affordable homes was way below the market value, sometimes by up to €90,000.