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Saturday 28 January 2023 Dublin: 6°C

# first time buyers

Last year
2022
# Housing
Taoiseach on who pays for the concrete levy: 'It's industry or the taxpayer. Make up your mind'
10% levy on concrete blocks aims to help fund mica redress scheme.
Confusion within FG over Taoiseach's comments on how to prevent first-time buyers alone from being impacted by the levy, reports Christina Finn
Backlash from backbench TDs who want tax exemptions or for levy to be delayed or scrapped.
Sinn Féin say they want a levy on the industry but not consumers.
10% levy on concrete blocks to help fund mica and pyrite redress schemes
Mica homeowner group welcomes new report on costings for grant scheme
# first home
Government's €400 million shared equity scheme for first-time buyers now open for applications
The scheme aims to help people secure a home by providing part of the purchase price of the dwelling in return for a minority equity stake.
# mortgage approvals
Almost €1.3 billion in mortgage approvals made last November, new figures show
First Time Buyers accounted for more than half of the €1.28 billion of mortgages which were approved last November.
All time
# bpfi
Average deposit for first-time buyers exceeded €52,000 in first half of 2021
Mover-purchases had to pay €135,000 for a deposit in the same period.
# first time buyers
Central Bank gives green light to shared equity scheme but warns it could increase house prices
The Central Bank has left its mortgage rules unchanged.
Labour lights a fire under housing minister: 'Reintroduce your own Bill on cuckoo funds or we will'
Labour housing spokesperson Rebecca Moynihan said in a video this afternoon that she will re-introduce his Bill “word for word”.
# cuckoo funds
Investment funds buying whole estates is 'undesirable' and the government needs to act, says Leo Varadkar
Housing Minister Darragh O’Brien says a Bill he introduced in 2019 on the issue is “still valid”.
# property ladder
'Relationship status should not define your ability to own a home, but it does'
Single people say trying to buy a home is even more difficult for them than for couples – and that’s saying something.
As difficult as buying a home can be for couples, single people face an even bigger challenge
Some people are 'priced out of 95% of houses in Dublin'
'The rampant greed of the Celtic Tiger cast a long and depressing shadow,' one buyer said
Some houses selling for €120,000 above asking price as virtual viewings become the norm during pandemic
# ftb
'We couldn't wait another year': Three couples who bought first homes in 2020 share their journeys
This year was anything but normal – so how did first-time buyers get on?
Voices
Opinion: Our Central Bank mortgage lending rules are vital guards against booms and busts
Vasileios Madouros of the Central Bank says the 2015 lending regulations have helped us brace against the Covid-19 shock.
Which house types will be popular with first-time buyers in the coming year?
New homes specialist Riona McCaughey gives her take on what will be popular in the market in 2021.
# location location location
Which areas are popular with first-time buyers right now?
Buyers are increasingly looking in new areas, says Ivan Gaine of Sherry Fitzgerald.
# ftb
Location, location, location: How to jump-start your home search by finding a place you love
Expert advice on narrowing your hunt to the area that’s right for you.
# property ladder
First-time buyers made up most of the 12,000 mortgages drawn down in last quarter of 2019
The 12,259 mortgages are valued at €2.7 billion.
# priced out
Increase in first-time buyers moving to Dublin commuter belt
One economist warned that this increased activity will put pressure on the infrastructural needs in these areas.
# first time buyers
Central Bank keeps 10% minimum deposit rule for first time buyers for 2020
The Central Bank’s governor Gabriel Makhlouf said that the current rules are working.
# property ladder
First-time buyers in Dublin are now spending an average of €375,000 for a home
Dún Laoghaire-Rathdown in Dublin had the highest average house price for first-time buyers, costing €520,000.
Will the help-to-buy scheme be extended or scrapped? Minister won't rule it in or out until Budget 2020
Minister for Finance Paschal Donohoe said the scheme has played a ‘valuable role’.
# first time buyers
Government planned to spend €200m on mortgage scheme in 3 years. It paid out €50m in just 3 months
New figures show that almost €50 million was paid out as part of the Rebuilding Ireland Home Loan scheme in the first three months of this year.
# Housing
'Cuckoo funds' shutting out first-time buyers and operating tax-free need urgent review, says FF
Corporate investors known as so-called ‘cuckoo funds’ have spent over €1.1 billion on nearly 3,000 residential properties in Ireland last year
# first time buyers
Murphy insists funding for first-time-buyer loan scheme 'has not run out'
Concerns had been that funds for the government’s Rebuilding Ireland Home Loan Scheme have run out.
# Housing
First-time-buyer loan scheme requires 'further tranche of funding' to continue
A first-time-buyer can apply for a home loan to purchase a new or second-hand property, or to build their own home under the scheme.
Help-to-buy scheme has cost more than originally anticipated
Originally the scheme was estimated to cost the Exchequer €50m.
# first time buyers
Over 500 home-buyers have got the maximum €20,000 Help-to-Buy relief
Around €62 million has been paid to developers under the scheme.
# buyer beware
7 costly mortgage mistakes to avoid as a first-time buyer
Finding your dream home is only the beginning, says financial advisor Karl Deeter.
# Housing Crisis
Cost of new Dublin properties up €39,000 compared to last year
According to the MyHome.ie Q3 Property Report, increases will continue into 2018.
Voices
'We need the Help to Buy scheme. It boosts supply and helps first-time buyers purchase new homes'
The scheme is under review before the benefits of the scheme have had the time to come to fruition, writes Tom Parlon.
# First-Timers
More than 120 people have already applied for the first-time buyer scheme which kicked in today
First-time buyers can apply for a tax rebate of up to €20,000 from today
# preview 2017
5 trends coming down the tracks in the 2017 property market
Economist Ronan Lyons gives us his take on what to expect.
# Bernard Byrne
AIB says 14 people lost their homes because of high tracker mortgage rates
The first-time buyers grant and communication with customers in rural Ireland was also discussed in committee.
# House Prices
Smaller deposits and help-to-buy scheme won't 'over-egg' property market - Governor
The Central Bank says that the market ‘isn’t at risk of overheating’.
# first time buyers
It's taking up to a third of a working couple’s income to pay the mortgage on their first home
The least affordable area for first-time buyers is Dun Laoghaire Rathdown in Dublin, while the most affordable county is Roscommon.
# property ladder
Coveney: Change to first-time-buyer scheme is 'sensible' but €600k threshold remains
The government has been forced to change one of its key budget proposals on foot of concerns raised by the Central Bank.
# first time buyers
'It's fundamentally flawed': Sinn Féin hits out at revised first-time buyers scheme
Under new rules,first-time buyers will receive a grant if their mortgage is 70% of the value of their home.
# going going gone
Buyers are snapping up new homes in the town once dubbed Ireland's first ghost town
The first phase of a 177 new home development in Adamstown was launched this weekend.
# Budget 2017
Coveney says including second-hand homes in first-time buyers scheme would drive up prices
The housing minister says first-time buyers are ‘locked out’ of the market.
# helping hand
First-time buyers will be getting a grant to help them get on the ladder
Housing Minister Simon Coveney says it will come in the form of a tax rebate.
# Your Say
Poll: Should first-time buyers be allowed to use renting history in mortgage applications?
The Department of Finance thinks it’s a good idea.
# Penny Pinching
Thinking about getting a mortgage? It could take you over six years to save for a deposit
New research shows first-time buyers will rely on a family contribution for a deposit.
# Your Say
Poll: Should first-time buyers get a government grant?
Plans to tackle the housing crisis include a scheme to help first-time buyers.