Government's Help To Buy scheme aided people 'who had large deposits and were able to buy anyway'

A review of the Help to Buy scheme data suggests that many households with large deposits have received support, the Esri will say

The ESRI says Ireland needs 35,000 new homes a year — but fewer than 20,000 are expected to be built this year. Picture: Joe Giddens/PA Wire

The Government’s Help To Buy scheme funded people who already had large deposits and would have been able to buy their homes anyway, TDs will be told tomorrow.

In a submission to be delivered to the Oireachtas housing committee, officials from the Economic and Social Research Institute (ESRI) will say that funding these people when supply is so constrained “will very likely lead to higher house prices”.