Applications open for 49 cost rental homes
Built by Frisby Homes, the units are energy-efficient, A-rated two and three-bedroom houses.
This week, Tuath Housing will open applications for 49 new cost rental homes at the Mountneil development in Waterford City.
Built by Frisby Homes, the units are energy-efficient, A-rated two and three-bedroom houses, with rents set at €950 for a two-bed and €1,195 for a three-bedroom house.
The homes are priced 28% below the local market average for similar properties.
The homes will be delivered in two phases, with availability expected between December this year and March 2025.
Sean McKeown, Chief Executive of Waterford City and County Council, said, “Waterford City and County Council continues to lead the way in delivering new social and affordable homes.
"The development of cost rental homes in Mountneil is yet another important step towards providing affordable accommodation.
"The need for affordable housing for households who do not qualify for social housing, but who are not in a position to purchase in the private market, is well recognised nationally, and I am pleased to see ongoing progress being made in Waterford.”
Meanwhile, average housing costs have risen during the last quarter, according to a recently released national survey.
The price of the average second-hand three-bedroom semi-detached house in County Waterford has increased to €260,000, up 2% from €255,000 in the last three months.
The market in Waterford city this quarter increased to €305,000, up 1.7pc from €300,000, the Q3 REA Average House Price Index shows.
“Limited stock of homes coming to the market remains the biggest influencing factor,” said Eamonn Spratt of REA Spratt, Dungarvan.
"We also are noticing that the period of time for sales to complete is lengthening."
