Rory Hearne: Latest house price data adds to locked-out generation's despair

House prices are now just 1% off their Celtic Tiger peak. 

The new ‘affordable’ shared equity scheme will add fuel to the flames of a private housing market that is consistently failing to provide a sufficient supply of new homes, while Government policy worsens the supply crisis through a hopelessly inadequate level of new build social and affordable housing, writes Rory Hearne.

The latest CSO house price figures are despairing for Generation Locked Out.

House prices continue to increase, pushing the possibility of a secure affordable home further out of reach. The new ‘affordable’ shared equity scheme will add fuel to the flames of a private housing market that is consistently failing to provide a sufficient supply of new homes, while Government policy worsens the supply crisis through a hopelessly inadequate level of new build social and affordable housing.