Wednesday, May 14, 2014
The Irish copy Help To Buy to boot builders profits
The plan will mimic similar schemes operated in Canada, Australia and Britain. But it won't be an exact copy of the British 'Help to Buy' scheme which was available for all houses Ã¢Â€Â“ new and previously occupied Ã¢Â€Â“ worth up to Ã¢Â‚Â¬800,000 and merely inflated the market. This scheme would be restricted to first-time buyers of new houses, with a cap on the price of the house. Only buyers of average two- or three-bedroom new houses would benefit. "It's fair to say that we've now ruled out a UK-style 'Help to Buy' scheme because of the potential impact on house-price inflation,"