Families lose out

THE Government has withdrawn its subsidy to first-time home buyers while retaining massive support for investors. First-time buyers are down €3,800 grant and €1,800 VAT on a €200,000 house.

Families lose out

A large proportion of those renting high-value properties can only afford 20 or 30 a week. The Government pays the balance - say, 150 a week - thus justifying the investor paying a price for the house that many hardworking couples can’t afford.

Rent allowance is maintaining large profits for builders and speculators.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

Revoiced

Newsletter

Sign up to the best reads of the week from irishexaminer.com selected just for you.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited