Mullen Park Maynooth Back On The Market For 25% More Than Original Price

Wednesday, 16 February 2022 09:47

By Caoimhe Harney

The houses were due to be sold to an investment fund.

Homes in Mullen Park which were due to be sold an investment fund are now back on the market for €499,000.

An article was published about the housing estate in the Sunday Business Post.

Professor Rory Hearne, Assistant Professor in Social Policy at the department of Applied Social Studies, Maynooth University: "It's clear now that he majority if not all 115 houses are being put on the market for sale.

"This is very positive and good to hear.

"We don't know why, but most likely the developer didn't want the attention and to be selling the houses to vulture funds.

"The sales price was originally €400,000 and now it's reported that they will be sold for close to €500,000.

"It's a 25% increase in the space of 8 months, it's pure price gouging.

"It's way beyond the average salaries.

"There is no justification for this increase.

"In many ways we are back to the celtic tiger cycle.

"Families are being pushed out of Dublin because there are no family homes being built.

"People buying these houses are in the top 10-15% of earners," he said.

"At the heart of it all the government needs to step up.

"I don't think the housing for all will work, it's insufficient in the amount of affordable houses, it does nothing to address the house prices going up," he added.

Professor Rory Hearne spoke with Clem Ryan on Wednesday morning's Kildare Today:

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