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
Help-to-buy scheme already outstrips €50m provision for 2017
First-time buyers get average rebate of about €15,000 under Government scheme
The Government’s tax rebate to first-time buyers of new properties is likely to cost considerably more than previously thought.
Based on the average applications to date, the cost of the help-to-buy scheme so far this year is about €56 million.
When the scheme was launched in the last budget, however, the Department of Finance allocated only €50 million for the scheme for the full year of 2017.
The incentive allows first-time buyers a 5 per cent income tax rebate up to €20,000 on the purchase on a new home.
Irish Times View Full Article
