The First Home Scheme is a €400m fund set up to help first-time buyers and others to bridge the gap between their mortgage, deposit and the price of a new home as part of the Government's Housing for All strategy.
The First Home Scheme's report for the first quarter of 2024 shows that a significant increase in usage with a 118% increase in the number of homes bought using the scheme. 262 homes were bought in the months from January to March this year compared to 120 in the same quarter last year. First Home Scheme chief executive Michael Broderick said the scheme's pipeline continues to grow with applications up almost 50% year on year, adding that augurs well for activity levels over the rest of the year.
Minister for Housing, Local Government and Heritage Darragh O'Brien said the First Home Scheme is working as it was intended to do - making home ownership a reality for first-time buyers by bridging the affordability gap.
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Source: IrishMirror - 🏆 4. / 98 Read more »