Tuesday 23 January 2018

Cutting levies on new houses makes more sense than misguided help-to-buy scheme

Housing minister Simon Coveney
Housing minister Simon Coveney
Charlie Weston

Charlie Weston

The surge in numbers getting approval for mortgages is proof positive that there is massive pent-up demand for property buying.

The value of mortgages approved by banks shot up by 50pc in August, compared with the same month last year, according to the banks.

Close to 3,000 people got mortgage approval in August to buy a home, a rise of 37pc on the same month last year, according to figures from the Banking and Payments Federation Ireland.

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