'Too early' to say if Help to Buy scheme is working

A housing expert says its too early to say whether the Government's 'Help to Buy' scheme is actually working.

Housing Minister Eoghan Murphy says it is 'under review' amid reports it will be scrapped.

The grant was aimed at encouraging private developers to build more homes but critics claim it is simply fuelling inflation.

Marian Finnegan is chief economist with the Sherry FitzGerald Group, she said: "The scheme is designed for starter-home properties that are newly built.

"House prices generally are rising and are rising quite dramatically because there's a shortage of product, so we can't look at the entire marketplace and then blame the Help to Buy scheme for what's happening in the wider marketplace," she said.


More in this Section

Body of man in his 20s discovered in house in Dublin

Irish and UK governments clash over significance of Brexit agreement

Visiting US family killed in crash mourned by relatives in Ireland and America

PSNI arrest man on suspicion of attempted murder in Co. Down


Today's Stories

€250k to keep eight families in hotels

Davis differs on hard border

Key official ‘very optimistic’ on commissioner process

Border deal a statement of intent, says David Davis

Lifestyle

A heavy burden for such young shoulders caring for parents this Christmas

How to enjoy Christmas without piling on the pounds

The Islands of Ireland: Roaringwater Bay in West Cork once homed 27 people

With ancient roots the pantomime dame is still a firm favourite

More From The Irish Examiner