Officials warned Government its 'affordable' home plan would drive up prices

The €75m scheme was given the go-ahead in the last Cabinet meeting before Christmas to get it up and running in 2021, despite three warnings from officials that they had concerns it would not have a beneficial outcome. Picture: Eamonn Farrell/RollingNews.ie

Civil servants repeatedly warned the Government that its shared equity “affordable” home plan would increase house prices.

The €75m scheme was given the go-ahead in the last Cabinet meeting before Christmas to get it up and running in 2021, despite three warnings from officials that they had concerns it would not have a beneficial outcome.