In a memo issued to TDs last night, the party predicted that Ireland is facing into another housing bubble.
The document, written by the party’s housing spokesperson Barry Cowen, promises to turn 260,000 vacant properties into homes under a Fianna Fáil government.
The party also wants to introduce a VAT reduction on residential construction for a period of three years and to impose greater sanctions on those who hoard land.
The document, seen by the Irish Independent, blames Fine Gael for the country’s fire traps. “Fine Gael has allowed an explosion in rents which, coupled with completely inadequate inspection and regulation, has created unsafe fire traps in the rental sector around the country. This needs to be tackled immediately.”