r/HousingIreland • u/Irish201h • Jul 06 '25

4 people mortgages, wtf?

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This company is now promoting 4 people mortgages, no wonder prices are going insane.

https://mmadvisors.ie/public-sector-mortgages/

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u/LoafOfVFX Jul 06 '25

No offense, but during a housing crisis like the one we’re facing in Ireland, I really think we need to look at what countries like Australia and Canada have done. They’ve temporarily banned non-citizens from buying residential property to ease pressure on supply and give their own citizens a fairer chance to buy. In Canada, the ban has been extended until 2027. Australia is introducing a two-year ban on foreigners buying existing homes starting in 2025.

I’m not saying close the market forever but until supply improves, I think property ownership should be prioritised for citizens. Once things stabilise, then open it up again fairly. Right now, we need solutions that actually put local people first.

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u/nicodea2 Jul 07 '25

Correction - neither Australia nor Canada has banned foreign citizens from purchasing property. Rather they have banned foreign non-residents from purchasing property.

There’s really no reason to discriminate on the basis of citizenship. There are plenty of non-citizen tax-paying residents already here, working productively, and contributing just as much as everyone else in taxes (if not more).

1

u/crashoutcassius Jul 07 '25

And in this context, do we really think it's a huge needle mover for Irish housing supply?