Higher earners tap Help-to-Buy scheme amid soaring house price inflation

According to Revenue, the total claims amount since the scheme’s introduction was around €938m at the end of 2023. The share of Help-to-Buy purchases in Dublin has declined in recent years as the county offers fewer new houses available within the €500,000 cap under the scheme.

Higher earners were likely to tap the Government’s Help-to-Buy scheme rather than become a typical first-time-buyer without assistance, a report by the Central Bank suggested.

The Central Bank report signalled that young homebuyers with good salaries are struggling to save enough to step on the property ladder for the first time due to soaring house price inflation in an environment of high demand and chronically low supply.