Up to 10k tax get back as first-time buyer
Housing Minister Simon Coveney said the grant would only be paid to those buying new homes and said the Help to Buy package, to be announced in the budget, would help tackle the housing crisis in Cork and Dublin.
It is unlikely that the State will take equity in homes under the buyer aid scheme, as operates in Britain.
However, the property experts have warned the first-time buyers’ grant will simply drive up the price of new houses.
Mr Coveney, speaking at the close of the party’s pre-Dáil conference in Kildare, said the package would help kickstart the stalled property market. The grant will be targetted at purchasers buying homes valued at between €250,000 and €300,000.
However, statistics from estate agents Sherry Fitz Gerald show the average home price sale value is c...