Low uptake on Dirt refund for first time buyers as fewer than 600 apply

Average of €800 paid out to buyers under incentive scheme

23rd December, 2016
Minister for Finance Michael Noonan

Fewer than 600 borrowers have availed of a government support introduced for first-time buyers more than two years ago.

In October 2014, the Minister for Finance Michael Noonan attempted to make a concession to first-time buyers who were worried about strict Central Bank mortgage lending rules.

In his Budget 2015 speech, Noonan announced a Deposit Interest Retention Tax (Dirt) refund for first-time buyers who were saving for their first home.

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