Land Trust Mooted To Keep Clare House Prices Down

Calls have been made for the establishment of a community land trust to keep Clare's coastal house prices down. It follows concerns raised over a seaside four-bed detached home in Lahinch selling for over €1m, along with reports of two-bed council houses in the county going for upwards of €350,000. Under a community land trust model, lands would be acquired and held by non-profit groups and would later be sold at affordable rates to local residents. Speaking at the Oireachtas Housing Committee, Clare Fine Gael TD Joe Cooney says it's needed to curb property inflation.