Tbf, that's not quite correct.
"The party promises it will “build 100,000 homes over 5 years. This will include council housing and affordable homes for renters and first time buyers. Cost – €6.5 billion.”
This has given rise to the €65,000 figure – by simply dividing the €6.5 billion budget by the 100,000 homes. Sinn Féin housing spokesman Eoin Ó Broin told The Irish Times that included in the 100,000 figure are 50,000 social homes, which, he says, are already committed to and budgeted for under the National Development Plan. So half of the headline figure is to be achieved before the €6.5 billion budget is touched.
However, the implication is still that around €6.5 billion will pay for 50,000 new homes. That would suggest, by the same (fairly crude) measurement as above, that a home can be built for around €130,000. "
https://www.irishtimes.com/news/ire...-s-housing-policy-credible-1.4163859?mode=amp