The Minister for Housing, Simon Coveney had revealed that the Government are set to introduce new proposals in the upcoming budget that will help first time buyers into the housing market.
Mr Coveney said that he and the Minister for Finance Michael Noonan a determined to assist first time buyers who are looking to get on the property ladder. Mr Coveney made his comments whilst speaking at Cork City Hall where he officially launched the Government’s Rebuilding Ireland programme.
Mr Coveney said: “Measures in the budget will be targeted at first time buyers because they are the people who need help most – about 53 per cent of the house buying market are first time buyers – the majority of that 53 per cent are simply locked out of the market at the moment, particularly in Dublin and Cork.
“That’s because of where house prices are at and we need to address that in the budget, and I think we will take a significant initiative to do that.”