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Government must rethink ill-conceived first time buyer scheme- Eoin Ó Broin

13 October, 2016 - by Eoin Ó Broin TD

Sinn Féin housing spokesperson Eoin Ó Broin has called on Minister Coveney to rethink his help to buy scheme for first time buyers. 

Deputy Ó Broin said: 

“Following speculation that the scheme is already leading to a surge in prices for newly built homes I am calling on the Minister to publish any research his department has that convinced him that this scheme was a good idea. 

“Before the Minister pressed ahead with the launch of this scheme the overwhelming majority of expert opinion told him that this scheme wouldn’t work and that it would in fact make the housing situation worse. 

“Minister Coveney must now provide more detail on how he intends to monitor the impact of the scheme and if evidence emerges that developers are increasing prices due to the scheme he must give a commitment to scrap it."

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