Wednesday, May 14, 2014

The Irish copy Help To Buy to boot builders profits

Easy mortgages are on the way

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 – new and previously occupied – worth up to €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,"

Posted by khards @ 01:08 PM (1636 views)
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2 thoughts on “The Irish copy Help To Buy to boot builders profits

  • Doesn’t Ireland have thousands of empty homes in ‘ghost estates’? If so, building more is surely foolish. Or maybe this is a scheme to allow those existing but never occupied homes to be sold off as ‘new’…

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  • @mombers – Yes there are thousands of empties. I have seen them, they are still there.

    Rather than relocate jobs into those very low cost areas they would rather build more in Dublin where people ‘want to live’.

    Personally I quite like the midland areas where many of the empties are. But there thousands and thousands of empties all over Ireland in almost every location. Banks are hoarding them by not repoing them.

    Don’t you know every country in the world has a ‘housing shortage’ – USA, UK, Ireland, Australia, New Zealand, Canada. All have millions of acres of unused land that the bankers/government won’t let you build on.

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