Combined incomes of €100,000-plus required to buy Croí Cónaithe apartments
Despite government subsidies to developers, apartments built under the scheme will be out of reach for most households
Households will require an income of more than €100,000 to buy the two-bed apartments anticipated to go on the market, priced at €390,000, that are being delivered under a new government scheme subsidising the cost of building, the Business Post has learned.
Last week, the government launched the €450 million Croí Cónaithe scheme, which will provide developers with subsidies of between €25,000 and €144,000 per unit to help subsidise the cost of building apartments. The ...