Wednesday August 5, 2020

First-time buyer policies ‘would raise house prices’

Extra assistance proposed by Fine Gael and Fianna Fáil would add to pressure in market, warns expert

27th January, 2020
Timmy Dooley talks with Peter Meere on a canvass of Ennis last week. “We need houses, houses aren't given birth to – houses are built by builders,” the Fianna Fáil TD said. Picture: Arthur Ellis

Policies outlined by Fine Gael and Fianna Fáil to help first-time buyers on to the housing ladder would be likely to result in house prices climbing “reasonably quickly”, an expert has warned.

The two largest parties have been accused of engaging in auction politics after announcing competing proposals to improve the affordability of home ownership.

Fine Gael has proposed expanding the help-to-buy scheme, which gives first-time buyers a tax refund of...

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