Bulk Ryanair purchase of Swords homes “slap in the face”

Rynair purchasing 25 new homes in Swords has divided opinion.

Critics say it is endemic of the current housing crisis in Ireland, while the other side of the issue see it as the market functioning as intended and Ryanair are acting in the best interests of their workers.

The airline purchased 25 homes in Fosterstown Place to serve as accommodation for their cabin crew.

In a statement, the airline said “in recent years the absence of affordable rental accommodation has been a major impediment to recruiting and training new Irish and European cabin crew members to Ryanair’s in-flight team.”

They said the bulk purchase was carried out “in order to ensure that it can provide high-quality but affordable rentals close to Dublin Airport for new cabin crew who are joining Ryanair and to help us maintain Ryanair’s flight schedules for up to 33 Dublin aircraft.”

The scheme is made up of three- and four-bed family homes and is located is 2km south of Swords village and 3.5km north of Dublin Airport.

“This accommodation, which is located one bus stop from Dublin Airport, will be rented at affordable rates to Ryanair cabin crew during their first year of employment.”

The story, first reported by Killian Woods in the Business Post, has touched off a firestorm with elected representatives saying it represents a failure of current Government housing policy.

Social Democrats TD and housing spokesperson Cian O’Callaghan said the move was a “kick in the teeth” for first-time buyers.

“It is already hard enough for people looking to get a place of their own when rents are at the highest ever level and house prices are 6% above their Celtic Tiger peak.”

“Add to that, having to bid against international investment funds and global companies, and it is no wonder there are over

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