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Revealed: Homebuyers race for deals as €20,000 grant faces axe

Fine Gael leadership frontrunner Leo Varadkar risks causing further chaos in the housing market after pledging to abolish the Help to Buy scheme if it proves to be inflating prices.

Mr Varadkar has pledged to replace a key initiative of his leadership rival, Housing Minister Simon Coveney, and use the income tax refund to incentivise older people to move out of large homes.

Estate agents have claimed that prices could further rise in the short-term as first-time buyers scramble to buy properties amid fears the grant will be abolished, with concerns also expressed that builders could postpone developing new homes until there is certainty over its future.

Irish Independent View Full Article





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