IPAV calls for €10,000 homebuyer scheme

The country’s auctioneers representative group, IPAV, has called for a €10,000 deposit subsidy scheme to help first-time buyers get on the property ladder.

The once-off incentive would make homes more affordable for those looking to buy their first property, the organisation said.

IPAV is in favour of watering down the Central Bank’s mortgage lending rules which it has claimed are locking prospective homeowners out of the housing market.