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Help-to-Buy to remain in place a little longer

Tánaiste Leo Varadkar has said the ‘Help to Buy’ scheme will remain in place for a little longer and that there will be an announcement on this on Budget Day.

Mr Varadkar said increases in house prices are unwelcome for those trying to buy, but that the Government’s ‘Housing for All’ initiative will see a ramp-up in investment in social housing.

His comments come as two separate reports found that asking prices for homes in the third quarter were up 9% across the country compared to the same period in 2020.

Meanwhile, IPAV’s chief executive Pat Davitt said agents around the country are now reporting more second hand properties coming to the market. The low interest rates and fixed interest rates with longer terms are encouraging more people to get on the property ladder.

He said as long as stock is in short supply and money to buy is available, there will be competition in the market and prices will continue to rise.

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