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Dr. Eoin Lenihan
@EoinLenihan
Author - Vandalising Ireland.
Joined October 2014
4.7K Following    31.2K Followers
Since 2020, only 33% of all new houses built in Ireland have been made available on the private market each year. I noted this trend in Vandalising Ireland - particularly state intervention via county councils and NGO housing charities. It has led to a catastrophic home-ownership crisis that now sees 40% of *working* Irish people under the age of 35 living in their parental home. While the government brags about house completions - see Micheal Martin's X account for any number of photo ops of him in a hard hat shovelling dirt at a camera - last year out of the 36,246 new completions, only 12,135 were sold on the open market to private households. The trend of locking young, hard-working Irish people in their childhood bedrooms shows no signs of abating. Combined, investment funds and the state now block buy an outright majority of houses built each year. Approximately 42% are block purchased by investors. Approximately 25% of houses were acquired by the state through county councils, NGOs, housing charities and Part V acquisitions. The 2025 number represents a 14% jump in state acquisitions on 2024. While it provides good photo ops for FF/G, it adds to the pressure on private home buyers. The trend over the past 5 years shows that even if the state delivers more housing units, the benefit to the private buyer remains negligible. The government has continued to do nothing useful to tax investment funds out of the private market allowing them to take the lion's share of new builds each year. Not only are they allowing said investment firms to dominate the private housing market, but they - the government - are now in increasing competition with the private buyer for remaining stock. As also noted in Vandalising Ireland, none of this touches on the fact that non-EU nationals, particularly Indians being brought into the country in staggering numbers to fill well-paid health and IT jobs also have the pick of private stock due to their status as an overnight upper middle class import. Again, this squeezes the native. This will have an extremely mercenary effect on Irish culture also. Because of the squeeze any native Irish involved in the arts and humanities, or non-FDI ready research jobs have no option but to leave Ireland. Art, culture and humanities have no place in a country where the price of pursuing such fields is permanent exile to your childhood bedroom. It will make Ireland uglier, greyer and less human. Which is a disaster in a time of increased 'diversity'. Importantly, the gap between state acquired social housing taken from public stock and privately available stock to natives, particularly young natives, is closing and that removes any doubt - for those still in need of convincing - that Ireland is one of the most socialist states in the developed world. Ireland is rapidly hearing towards a socialist/globalist alliance situation where private homeownership will be a thing of the past and people's options will be social housing or lifetime rental from a profit-driven investment firms. That is cause for revolt in my book.
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