Building industry urges extension of €600m first-time buyers scheme amid soaring construction costs

In submission to the government, Construction Industry Federation also warned the state over low levels of projected spending on capital projects under €165bn NDP

Tom Parlon, director general of the CIF: lobby group said Help to Buy had become ‘extremely important’ as the cost of building has risen. Picture: Fergal Phillips

The government must extend its “vital” €600 million Help to Buy scheme for another three years to help both builders and first-time buyers with soaring costs, the country’s construction lobby group has said.

The Construction Industry Federation (CIF) also warned that low levels of projected government spending on infrastructure projects under the €165 billion National Development Plan do not “augur well for the pipeline of construction projects”.

And it called for a lower rate of ...