First-time buyer scheme faces axe

Bankers and estate agents warn of price surge in new year; FF accuses government of trying to push up prices

27th November, 2016
House key on a house shaped keychain resting on wooden floorboards concept for real estate, moving home or renting property

The government’s controversial €20,000 first-time buyers grant is facing the axe, amid fears that it will push house prices to an unsustainable level, following the Central Bank’s relaxation of mortgage lending rules last week.

The government is understood to be concerned about the effect of both measures, while Fianna Fáil has said this weekend that it will force the termination of the grant next September if property prices start to spiral....

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