More than 4,000 buyers have availed of the Government’s scheme designed to aid first-time purchasers, the latest update has shown.
The latest update shows an increase in the scheme’s usage during the first quarter of the year, with 262 homes bought in the period January to March, 2024 compared to 120 in the same quarter a year earlier.The number of new applications has also grown in the first three months of the year, rising 49 per cent to 927 compared to 623 in 2023.
The average purchase price for houses under the scheme is €379,000, with around €67,000, or 17 per cent, expected to be provided by the scheme on average. The scheme was extended in April last year to renters who want to buy their home from a landlord, and in September to include those who wanted to build their own homes.
“The level of approvals for the scheme is continuing to grow each week and more and more people are getting the keys to their home through the support of the scheme,” he said.
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