Business Budget 2017

Friday 28 October 2016

Help to Buy scheme rewards the Irish who never left 

Ahead of the budget, there was much talk about the proposed 'Help to Buy' scheme for first-time buyers - by myself among others. It seemed likely that the measure would be an attempt to get around the Central Bank's mortgage rules - in which case, the primary result would be more house price inflation, not more construction. The alternative was that it effectively did not 'get around' the Central Bank's rules, in which case, the measure would likely have little effect.

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