The Banking and Payments Federation of Ireland has released a damning report showing 24% of mortgages for first-time buyers were drawn down by people under-30 in the first half 2021.
It put this in perspective, in 2004, 60% of mortgages for first-time buyers were drawn down by people under-30.
In response to a Dáil question which highlighted the Banking and Payments Federation figures, Leo Varadkar responded;
“There are so many single people in society. One of our biggest deficiencies in housing supply in Ireland is we’re a country of three-bed homes and don’t have enough one-bed homes.”
According to NewsTalk, Varadkar “insisted the Government’s policies are aimed at ensuring home ownership becomes a reality for people in their 20s and 30s”
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