Purchasers of second-hand homes will not be entitled to any State aid, despite the fact that construction of new builds is moving at a snail’s pace.
Proposals submitted by Housing Minister Simon Coveney to the Department of Finance limits support to brand new homes and suggests that the grant should only apply to properties costing in the region of €350,000 or less.
However, figures show that only 269 new houses were built in the Dublin city area in the first eight months of this year, while Cork and Galway cities saw just 68 and 32 new houses respectively.
Read the full details in the Irish Independent
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