Irish house prices are skyrocketing according to a new report released by MyHome.ie this week. It shows the average cost of a three-bed in the capital reaching a whopping €365,000.
Many families are already struggling to keep up with the rising cost of living nationwide, and with the jump in the price of buying, some will be left without hope of securing their family home. While there are many means-tested social welfare schemes that support those earning under a certain threshold, there are others earning over this amount who are still struggling to make up their deposit for a mortgage.One lesser-known payment scheme available to most first-time buyers is The Help to Buy scheme which supports people with the deposit to purchase a self-build, a new house or an apartment in Ireland.
The maximum payment is €30,000 per qualifying property, and this cap applies regardless of how many people enter into a contract to purchase the property.Get breaking news to your inbox by signing up to our newsletter .
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Source: NewstalkFM - 🏆 19. / 55 Read more »