Kenny against house buy cap

Taoiseach Enda Kenny has warned that setting mortgage restrictions too high would price many first-time buyers out of the market and only benefit “wealthy people and the children of wealthy people”.

During an interview in Davos, Mr Kenny was asked if he supported the ECB’s objective of limiting mortgages through higher deposit requirements, so as to avoid a repeat of the housing crisis.

Mr Kenny said there is a serious demand for housing “and you don’t want the situation that applied before”.