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This week’s vital property news: First-time buyer scheme will 'drive up prices'

Everything you need to know in one quick guided tour.

Source: Home Grown Homes

The Big Movers

Experts say €20,000 first-time buyers incentive will stoke demand

The new first-time buyers incentive has come under criticism from building experts who say that it will only increase demand on houses and drive up prices. Minister Coveney has defended the scheme saying it will incentivise builders.

Families on the housing list offered chance to build own homes

A new incentive has been announced for five families on the Dun Laoghaire-Rathdown Council housing list which will see the selected candidates learn building skills whilst building their own houses.

Under Construction

Source: reidrac

Source: Daft

Des Res

Fancy a look around New York’s most expensive home? It’s just had a price reduction of $24 million (approximately €21.7 million) but is still a bit steep at $96 million (approximately €87.1 million). See how the other half live, sure.

This week’s vital property news: First-time buyer scheme will 'drive up prices'
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  • New York's most expensive home

  • New York's most expensive home

  • New York's most expensive home

  • New York's most expensive home

  • New York's most expensive home

  • New York's most expensive home

All images: Business Insider

And Finally…

Ballymore has announced a one million square foot mixed-used development for Dublin’s North Wall Quay with up to 2,000 construction jobs expected to be created. There will be five new office buildings and 273 luxury residential apartments.

Read: Owners of derelict houses to get up-front rent from local councils

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Edel Corrigan

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