The €50m Help to Buy money pit

The scheme is a failure, joining a litany of state affordability schemes of questionable value

29th October, 2017

One of the most repeated mantras from government these days is that increased housing supply will make homes more affordable. If only the housing market were that simple.

At the height of the boom when there were up to 90,000 new homes being built in a single year, house prices continued to soar. Why? Because house prices are inextricably linked to the supply of credit and the revenue return from renting as much as they...

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