Media Coverage
- Must Build Upwards - June 8th
- Hikes over 10% - June 7th
- Housing Crisis - April 27th
- Movers Have Power - May 23rd
- Prices through the roof - May 23th
- Fears of Chaos - May 23rd
- Beware of Meddling - May 23rd
- Canadian Lender - May 21st
- Rate Rise - May 20th
- Against Rate Cap - May 20th
- 50,000 new homes - April 27th
- Demand for Property - April 11th
- Banks on Switching - April 11th
- New Debt Trap - March 26th
- Wrongly Denied Tracker - March 24th
- Credit Union Bid - March 24th
- First increase in lending - March 13th
- Outstrips €50m provision - March 13th
First-time home buyers warned they are at risk of a new debt trap
Government initiative is 'wrong policy' to help young buyers
First-time house buyers risk being lured into escalating levels of debt, as the Government's new help-to-buy scheme stokes demand to potentially dangerous levels, one of the country's leading think-tanks has warned. And we're "treading a fine line" between driving the economy to produce more houses and pushing it into "overheating" territory, the Economic and Social Research Institute (ESRI) has warned.
Speaking to the Sunday Independent, Kieran McQuinn, ESRI research professor, stressed the Government's new help-to-buy initiative is not the right "policy response" at a time when house prices and rents are growing sharply.
Independant Business View Full Article
