Government's help-to-buy scheme 'fuelled property inflation'

Sinn Féin housing spokesperson Eoin Ó Broin said the report demonstrates why the help-to-buy scheme must be scrapped.

The Government’s help-to-buy scheme has fuelled property inflation, as a third of claimants did not need help to raise the 10% deposit required to obtain a mortgage, it has emerged. 

The finding came from the Oireachtas Parliamentary Budget Office (PBO), which conducted an analysis of the scheme from its inception in 2016 to the end of 2021.