‘The dream would be to buy in Dublin’ – tenants are left in limbo as they try to climb the property ladder

A couple who rent in Dublin have described feeling “left in limbo” while attempting to buy a home of their own.

olin and Doireann Harper rent a two-bedroom flat in Ballinteer, Co. Dublin for €1,526 a month.

Mr Harper (31), originally from Kilkenny, is a software developer and his wife (37), from Offaly, works in education.

The couple married earlier this year and plan to start a family soon but are struggling to get up the property ladder.

They have lived in Dublin for 10 years and fear they may be forced to move elsewhere to afford their first home.

In yesterday’s budget, the Help-to-Buy program was extended through 2024. However, Mr Harper said the extension would not benefit them.

“It’s just for new build and they’re all pretty far out of Dublin and they’re in areas that are being redeveloped and there’s not really anything around them,” he said.

“If you were to get the maximum out of the help-to-buy program, hypothetically if we were going for a new build, that just drives up the price of everything by €30,000 so it doesn’t get any more achievable.

“If anything it makes it harder to get because it’s pushed everything up by €30,000 so we’re priced in for that.

“We just got married this year and obviously want to buy something in the near future, but we’re just so insecure about the housing market.

“The dream would be to shop in Dublin but the reality is that with the prices alone we have to think about leaving Dublin and living somewhere in the country.

“Our life is in Dublin, our jobs are in Dublin and our friends are in Dublin, but we just don’t know if we can afford it.”

Ms Harper said: “I think the Help-to-Buy program just adds to what they’ve already done, there’s not really a change.”

In addition, a new rental tax credit of €500 per year has been introduced, which applies to 2023 and beyond. It is also retroactively dated for 2022.

Mr Harper added: “It’s something for us as renters, it needs a little sting from the cost of living increase, but inflation is so bad it still won’t make a big dent, but at least some.”

Like many other potential buyers across the country, the Harpers are hopeful that home prices could fall in the coming months but feel the current market offers no certainty.

Mr Harper said there were no specific measures in favor of couples under 40 with no children.

“Everything that benefits us also benefits everyone else. The biggest pain point for us at the moment is our housing situation, and that hasn’t changed at all.” Hhe said.

https://www.independent.ie/business/budget/the-dream-would-be-to-buy-in-dublin-renters-stuck-in-limbo-while-trying-to-get-on-property-ladder-42022375.html ‘The dream would be to buy in Dublin’ – tenants are left in limbo as they try to climb the property ladder

Fry Electronics Team

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