Two thirds of homebuyers on shared equity scheme use second State program to complete sale

According to figures for the third quarter of this year, the average price of homes purchased or built using the scheme is €387,000 with the average support via the scheme standing at €66,000. File picture: PA

Two thirds of those buying homes through the Government’s shared equity scheme are having to use a second State scheme to complete the purchase.

The First Home Scheme has approved 8,399 buyers in its first three years, with 4,118 homes bought or self-built as at the end of September. It has issued over €270m to date.